• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Friday, April 23, 2021
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    COVID-19, Health care, Fake News, fake propaganda

    Fake news peddler Dr Biswaroop Roy is back with ‘anti-vaccine’ campaign which could claim millions of lives and should be put behind bars

    Ram Temple, Oxygen, Ayodhya

    Joining hands with other temple trusts, Shri Ram Janmabhoomi Teerth Kshetra Trust steps in to fund oxygen plants in Ayodhya

    Sonia Gandhi, PM Modi, vaccine

    Most states except opposition-ruled ones are giving Covishield jabs for free, so Sonia should talk to her CMs and alliance partners and not the PM

    Mamata Banerjee, Singur, Nandigram, TMC, West Bengal Assembly Elections

    79% voting registered in sixth phase, migrants are returning to vote despite Covid. Mamata’s days as CM of Bengal are numbered

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India, WTO

    India’s decision to not participate in WTO meet has an underlying message for the whole world

    IT sector, IT Companies, TCS, India

    IT companies didn’t just make a killing profit during the lockdown but hired more employees too

    Term Plans

    Securing Family’s Future? Why You Should Invest in Online Term Plans This Year

    Coronavirus, lockdown, income tax collection

    Despite COVID and lockdown, India’s net tax collection increased. Taxpayers got richer during lockdown

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Army, warfare, Training, Chinese

    IAF, Army and Navy will now jointly train for nuclear-biological-chemical warfare

    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Qamar Bajwa, Imran Khan, Pakistan Army

    For the first time since Zia-Ul-Haq, Pakistani army is not united. Imran and Bajwa will be the first casualties of it

    Imran Khan, Pakistan, TLP

    Imran Khan had nurtured and formed the TLP but it is turning into a noose around his neck

    Sadiq Khan, IPL, London

    ‘Make me win na, I will bring IPL to London,’ Sadiq, the Pakistan origin Mayor of London is promising an Indian sporting event to Londoners

    bangladesh hindus

    There will not be any Hindus left in Bangladesh in the next 25 years, top think-tank concludes

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Bhagwan Hanuman, Hampi, Andhra Pradesh, Karnataka

    Andhra and Karnataka are up in arms over the birthplace of Bhagwan Hanuman. But it’s actually a good thing

    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    Bollywood industry, Small-time workers

    Bollywood isn’t just composed of a handful of stars but lakhs of daily wage workers also and the ‘industry’ has left them to die

    Ajay Devgn, Rudra

    Ajay Devgn will mark his entry into the OTTverse with the official adaptation of Luther

    Indian TV Series, Sequel

    Sequels and second seasons don’t work in India. What happens to the Indian directors after first movie and first season of TV series?

    contact lenses

    5 Reasons Why Your Eyes Get Watery While Wearing Contact Lenses

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    COVID-19, Health care, Fake News, fake propaganda

    Fake news peddler Dr Biswaroop Roy is back with ‘anti-vaccine’ campaign which could claim millions of lives and should be put behind bars

    Ram Temple, Oxygen, Ayodhya

    Joining hands with other temple trusts, Shri Ram Janmabhoomi Teerth Kshetra Trust steps in to fund oxygen plants in Ayodhya

    Sonia Gandhi, PM Modi, vaccine

    Most states except opposition-ruled ones are giving Covishield jabs for free, so Sonia should talk to her CMs and alliance partners and not the PM

    Mamata Banerjee, Singur, Nandigram, TMC, West Bengal Assembly Elections

    79% voting registered in sixth phase, migrants are returning to vote despite Covid. Mamata’s days as CM of Bengal are numbered

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India, WTO

    India’s decision to not participate in WTO meet has an underlying message for the whole world

    IT sector, IT Companies, TCS, India

    IT companies didn’t just make a killing profit during the lockdown but hired more employees too

    Term Plans

    Securing Family’s Future? Why You Should Invest in Online Term Plans This Year

    Coronavirus, lockdown, income tax collection

    Despite COVID and lockdown, India’s net tax collection increased. Taxpayers got richer during lockdown

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Army, warfare, Training, Chinese

    IAF, Army and Navy will now jointly train for nuclear-biological-chemical warfare

    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Qamar Bajwa, Imran Khan, Pakistan Army

    For the first time since Zia-Ul-Haq, Pakistani army is not united. Imran and Bajwa will be the first casualties of it

    Imran Khan, Pakistan, TLP

    Imran Khan had nurtured and formed the TLP but it is turning into a noose around his neck

    Sadiq Khan, IPL, London

    ‘Make me win na, I will bring IPL to London,’ Sadiq, the Pakistan origin Mayor of London is promising an Indian sporting event to Londoners

    bangladesh hindus

    There will not be any Hindus left in Bangladesh in the next 25 years, top think-tank concludes

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Bhagwan Hanuman, Hampi, Andhra Pradesh, Karnataka

    Andhra and Karnataka are up in arms over the birthplace of Bhagwan Hanuman. But it’s actually a good thing

    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    Bollywood industry, Small-time workers

    Bollywood isn’t just composed of a handful of stars but lakhs of daily wage workers also and the ‘industry’ has left them to die

    Ajay Devgn, Rudra

    Ajay Devgn will mark his entry into the OTTverse with the official adaptation of Luther

    Indian TV Series, Sequel

    Sequels and second seasons don’t work in India. What happens to the Indian directors after first movie and first season of TV series?

    contact lenses

    5 Reasons Why Your Eyes Get Watery While Wearing Contact Lenses

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
No Result
View All Result
  Newswire
Winning starts for Manika, Sutirtha at Oly qualification tourney 1 month ago
Top Jaish man Sajjad Afghani killed in Kashmir (2nd Ld) 1 month ago
Akhilesh vs Yogi in hoarding war 1 month ago
Court grants bail to 7 accused in JNU sedition case 1 month ago
India’s WPI inflation rises to 4.17% in Feb 1 month ago
AstraZeneca: No evidence of high blood clot risk from vaccine 1 month ago
Next
Prev

India ranks 58th in Global Competitiveness Index, becomes best mover among BRICS nations

Amit Agrahari
by Amit Agrahari
27 November 2018
in Economy
0
Global Competitiveness index, India

PC: Rediff.com

1.3k
SHARES
1.1k
VIEWS
Sharre via FacebookShare via Twitter

India has been ranked 58th in the Global Competitiveness Index, 2018.  The Global Competitiveness Index report assesses the competitiveness landscape of 140 economies, providing unique insight into the drivers of economic growth in the era of the Fourth Industrial Revolution. India’s ranking was 71 in 2014 while in 2018, the country has jumped to the 58th spot. Last year, country was ranked at 63rd position and therefore, a jump too has been witnessed since last year. Global Competitiveness Index has been published by World Economic Forum since 2004 and it combines macroeconomic and the micro/business aspects of competitiveness into a single index.

The competitiveness of the countries is measured on four major parameters which include Enabling environment, Human capital, Markets, and Innovation ecosystem. The country achieved the 75th spot out of 140 countries in enabling business environment, 104th in human capital, 29th in markets component due to its sheer market size and 35th in innovation ecosystem.

India is the best mover among the BRICS nations in the latest Global competitiveness index report. The ranking of South Africa and Brazil made southward move by 5 and 3 ranks respectively- South Africa slipped to 67th place from 62nd while Brazil slipped to 72nd from 69th. Russia improved its rank by 2 places moving up to 43rd from 45th while China maintained its place (28th) without any change. China and Russia rank above India in the 2018 index while Brazil and South Africa rank below India. As far as providing institutions to enable the environment component, India ranked best among the BRICS nations. The ranking of institution is based on aggregation of reliability of police services, budget transparency, freedom of press, corruption, social capital, legal framework etc.

On the markets front, India ranked third, just behind China and the United States. One of the major improvements in last few years has been in the field of airport connectivity in which India ranked 4th this year, ahead of Brazil, Russia and South Africa.  Brazil, Russia and South Africa were ranked 17th, 18th, and 39th respectively as far as airport connectivity is concerned. In the field of companies embracing disruptive ideas too, India performed better than other BRICS nations notching up to the 11th rank. As far as quality of research institutes is concerned, the country ranked ahead of all BRICS nations except China with quality of institutes higher than many developed nations like France, Singapore, and Japan. India’s ranks were best among BRICS nations in financing the Small and Medium Enterprises which is considered to be the backbone of rural and small town economy. India bagged 16th rank while China, Russia, and Brazil were ranked 31st, 106th and 110th respectively. In terms of Budget Transparency, the country ranks 18th ahead of countries like South Africa, Japan and Thailand. 

The major areas where the country needs to improve are Human capital- health and skills, Labor market, Product market and Information and Communication Technology (ICT) adoption in which India ranks 108th, 96th, 75th, 110th and 117th respectively. The ranking on health and skills is expected to improve in the years to come, as the Modi government has implemented Ayushman Bharat, the largest healthcare insurance scheme in the world. It aims to cover 50 crore people. With the scheme ‘Skill India’ reaching in later stages, the skill of human capital is also poised to improve.

The other things which India needs to work really hard on include; labor market reforms, effective exit policy, delays at customs and red tapism. These have been some of the biggest hurdles that have prevented India from getting benefited out of its low wage and surplus labor advantage. The labor laws in the country are one of the worst in the world matching those of socialist countries like Cuba. Labor reforms should be the next big priority of Modi government if it gets majority in both the houses. The product variety is set to expand with the expansion of the economy and opening of FDI regimes, thus it’s not a big problem for the country. On the front of ICT adoption, the methodology used by World Economic Forum seems flawed because it does takes into account the mobile internet penetration and ranks countries only on broadband penetration. Therefore, the only area which Modi government needs to work urgently is labor market reforms and the rankings are set to improve further in the upcoming years.    

Tags: BRICSGlobal Competitiveness IndexIndia
Share1336TweetSend
Previous Post

Indian Railways is all set to enforce new standards in efficiency and punctuality

Next Post

AIMIM leader issues threat to behead PM Modi and CM Yogi

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
COVID-19, Health care, Fake News, fake propaganda

Fake news peddler Dr Biswaroop Roy is back with ‘anti-vaccine’ campaign which could claim millions of lives and should be put behind bars

23 April 2021
Ram Temple, Oxygen, Ayodhya

Joining hands with other temple trusts, Shri Ram Janmabhoomi Teerth Kshetra Trust steps in to fund oxygen plants in Ayodhya

23 April 2021
Sonia Gandhi, PM Modi, vaccine

Most states except opposition-ruled ones are giving Covishield jabs for free, so Sonia should talk to her CMs and alliance partners and not the PM

23 April 2021
Mamata Banerjee, Singur, Nandigram, TMC, West Bengal Assembly Elections

79% voting registered in sixth phase, migrants are returning to vote despite Covid. Mamata’s days as CM of Bengal are numbered

23 April 2021

Popular This Week

PM Modi, Uddhav Thackeray, Congress, Maharashtra, Ashish Deshmukh
Trending

Maharashtra Congress leader requests PM Modi to take over Maharashtra as Uddhav has been a disaster

by Abhinav Singh
21 April 2021
Karan Johar, Kartik Aarya, Bollywood
Trending

Karan Johar targets another ‘outsider’ Kartik Aaryan, netizens call for Boycott of Bollywood

by Abhinav Singh
17 April 2021
Kashmir, J&K Police, mehbooba mufti, Islamic Terrorism, Islamist terrorists
Trending

Modi govt’s stern message to terrorist sympathisers – woman cop arrested for obstructing anti-terror operation

by Abhinav Singh
17 April 2021
Uddhav Thackeray, Devendra Fadnavis, MVA government
Opinions

Fadnavis is exposing every malpractice in the Maha Vikas Aghadi, now Uddhav govt is desperately trying to take him down

by TFIPOST News Desk
20 April 2021
Kartik Aaryan, Karan Johar, Nepotism, Bollywood
Opinions

Is Kartik Aaryan too Hindu to survive in liberal Bollywood?

by Sanbeer Singh Ranhotra
18 April 2021

©2021 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2021 TFI Media Private Limited