Good news! India improves its position on Global Competitiveness RankingOn the day of Maha Navami, a good news for the economy of the country. This year also, India remains the most competitive country in entire South Asia and our country appears at the 40th position in the Global Competitiveness Ranking of 137 countries by the World Economic Forum (WEF).
In this connection, it is stated that India's ranking is one lower than its last year rank, but the two rankings are not comparable because of a change in the methodology. This has been clarified by the WEF itself.
WEF has stated that India's score is its highest ever according to the current methodology, which ranked Switzerland as the world's most competitive economy. India's competitiveness has improved compared to Brazil and Turkey and other fast-developing countries. China and Indonesia have also shown good results. Switzerland, the USA and Singapore are holding the first three top positions.
The report has used encouraging words about India and the country's future plan of massive funding to bankroll the new infrastructure programmes.
I hope that India maintains its momentum and further improves its rank on Global Competitiveness Ranking in the coming years. More importantly, the benefits would definitely percolate down the line and reach the poorest of the poor.