The Rising Influence of Rising Affluence

[wow_happens28]

India up 16 places to 55th on global competitiveness index

GENEVA: In a big jump, India has moved up 16 positions to rank 55th on a global index of the world's most competitive economies, where Switzerland remains on top.

The jump in India's position underlines the country's recent economic recovery, improvement in the competitiveness of the country's institutions and its macroeconomic environment and a "slight improvement" in infrastructure, the World Economic Forum (WEF) said in its latest Global Competitiveness Report.

Globally, Switzerland has retained its top position as the world's most competitive economy for seventh year in a row and is followed by Singapore, the US, Germany and the Netherlands in the top-five.