India remains the most competitive country in South Asia, appearing at No. 40 in the global competitiveness ranking of 137 countries by the World Economic Forum (WEF). The ranking is one lower than last year’s, but the two rankings are not comparable because of a change in the methodology, WEF said.WEF said.
WEF said 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, the report said. “Among the emerging markets seen as having great potential in the early 2000s, Brazil and Turkey have now lost much of the ground they gained before 2013, but China, India, and Indonesia continue to improve.” The findings come at a time when India is looking to scale 40 spots to reach the 90th rank in 2017-18 in the World Bank’s ease of doing the business survey this year.
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