India Jumps Most In Global Competitiveness Ranking In 2016
NEW DELHI . India climbed 16 notches for the second straight year to the 39th spot in a global index of the world’s most competitive economies, where Switzerland remains on top. This is the biggest improvement by any country this year on the Global Competitiveness Index of the World Economic Forum (WEF).
The jump in India’s ranking is reflective of “improved monetary and fiscal policies as well as lower oil prices” as a result of which the Indian economy has stabilised and now boasts the highest growth among G20 countries, the World Economic Forum said in its latest report.Bloomberg
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