May 292015
 

annual global competitiveness report

India remains at 44th rank in the annual global competitiveness report by a Switzerland-based business school which cited problems like high corporate taxes and existence of a parallel economy for the low ranking.

The US continues to top the ranking due to its strong business efficiency and financial sector, its innovation drive and the effectiveness of its infrastructure.

India’s 15 biggest improvements in the overall performance of the economy were real GDP growth per capita, government decisions, transparency, risk of political instability, labor productivity and adaptability of government policy among others, International Institute for Management Development (IMD) said yesterday in its annual world competitiveness ranking of 61 economies for the year 2015.

Contributed By Sonia Narula

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