IMG-LOGO

WORLD

India Slips 10 Places to 68th on Global Competitiveness Index

Author : Odisha Today Bureau | Posted on: 2019-10-09

The global competitiveness Index witnessed India slide by 10 places to be ranked 68th in the world. The downslide is attributed to marked improvement registered by economies of other countries. At the top spot, US has been replaced by Singapore as a top competitive economy globally.

 

The Geneva-based World Economic Forum (WEF) which compiles the ranking data indicated that India is slotted along with the worst-performing BRICS nation, namely Brazil. Brazil was ranked at 71st this year.



 

WEF pointed out that while India has slipped in the competitiveness index, it continues to rank high on economic stability and market size. India’s ranking in terms of corporate governance stands at 15th spot and the country ranks second when it comes to shareholder governance. India ranks third in market size, the WEF study indicated.

 

Announcing its latest index, the WEF said on Wednesday India ranks high in terms of macroeconomic stability and market size, while its financial sector is relatively deep and stable despite the high delinquency rate, which contributes to weakening the soundness of its banking system.

 


Leave A Comment


Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...
Destruction by Cyclone "Fani"--Utkal University, O...
Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...
Destruction by Cyclone "Fani"--Utkal University, O...
Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...

International News

You May Also Like

News Poll

Is the corporate tax cut declared by FM Sitharaman sufficient to ward off the present slowdown in the economy?

A) Fully sufficient
B) Not helpful
C) Somewhat helpful
D) Cannot say

News Updates

Damodar Rout Quits BJP, Talks About Retiring from
Bollywood Beauty Kareena Kapoor Demand Pay Parity
‘Technology and Wealth Influence Geopolitics in
In Forbes Richest Indians List 2019 Gautam Adani J
Pence, Pompeo to Visit Turkey Amidst Syria Offensi
U.S. House Approves Bill on Hong Kong: China React
Boost for Devendra Fadnavis: Former CM Narayan Ran
Young MP from Odisha Makes His Mark in the Global
Odisha Govt Makes New Rule: Vehicle Documents in E
UAE Govt’s New Education Requirement Policy Lead
North Korean Dictator Peddles Sacred Myth Before a
Pakistan Will Receive No More Indus River Water fr
Inflation in China Grows at Highest Rate Since 201
High Quality Fake Notes Back, Says National Invest
Cricket Australian Announces Prize Money Parity fo
Pakistan Isolated by All Countries in FATF, on Ver
IND Vs SA: Former Pakistan Bowler Shoaib Akhtar Pa
Syria Welcomes India’s Statement on Turkey, Slam
Phil Simmons Reappointed WI Coach 3 Years After Be
India Does Not Have Any Trade Dispute with US: Com

Bhubaneswar (Ekamra) Assembly Constituency BJP Candidate Bab...
Bhubaneswar (Ekamra) Assembly Constituency BJP Candidate Bab...