8/9/2019 India Global Competitiveness Report

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GLOBAL COMPETITIVENESS REPORT AND INDIADown one position, India now ranks 6t!, "ontin#in$ its downward trend t!at %e$anin &'( )it! a GCI s"ore essentia**+ #n"!an$ed sin"e t!en, India !as %eenoertaken %+ a n#-%er o. "o#ntries( On"e a!ead o. Bra/i* and So#t! A.ri"a, it nowtrai*s t!e- %+ seera* p*a"es and is %e!ind C!ina %+ a -ar$in o. 01 positions, w!i*e

R#ssia 263t!4 !as a*-ost "*osed t!e $ap(

India "ontin#es to %e pena*i/ed .or its er+ disappointin$ per.or-an"e in t!e %asi"driers #nderpinnin$Co-petitieness, t!e er+ ones t!at -atter t!e -ost .or India $ien its sta$e o.dee*op-ent( T!e "o#ntr+5s s#pp*+ o. transport, ICTs, and ener$+ in.rastr#"t#rere-ains *ar$e*+ ins#"ient and i**7adapted to t!e needs o. t!e e"ono-+ 289t!4,despite t!e stead+ i-proe-ent t!at !as %een -ade sin"e &6(

T!e Indian %#siness "o--#nit+ repeated*+ "ites in.rastr#"t#re as t!e sin$*e %i$$est!indran"e to doin$ %#siness, a!ead o. "orr#ption and "#-%erso-e %#rea#"ra"+(Notwit!standin$ i-proe-ents a"ross t!e %oard oer t!e past .ew +ears, er+ poorp#%*i" !ea*t! and ed#"ation *ee*s 21&nd4 re-ain a pri-e "a#se o. India5s *ow

prod#"tiit+( T!e :#a*it+ o. !i$!er ed#"ation is %etter, %#t enro**-ent rates at t!at*ee* re-ain er+ *ow, een %+ dee*opin$ "o#ntr+ standards(

T#rnin$ to t!e "o#ntr+5s instit#tions 2;&nd, down two p*a"es4, dis"ontent wit!in t!e%#siness "o--#nit+ re-ains !i$! a%o#t t!e *a"k o. re.or-s and t!e per"eiedina%i*it+ o. t!e $oern-ent to p#s! t!e- t!ro#$!( P#%*i" tr#st in po*iti"ians !as%een erodin$ sin"e &' and !as now rea"!ed an a**7ti-e *ow at 119t!, w!i*e%ri%er+ re-ains deep*+ rooted 211t!4( Indeed, India !as *ost a*-ost 0 ranks ont!is indi"ator sin"e &1(

Meanw!i*e, t!e sit#ation !as deteriorated .#rt!er on t!e -a"roe"ono-i" .ront, wit!India now 11t! in t!is pi**ar( T!e inor "on"ern is t!e "o#ntr+5s *ow *ee* o. te"!no*o$i"a* readiness 2'8t!4(A*t!o#$! %#sinesses adopt new te"!no*o$ies re*atie*+ pro-pt*+ 23;t!4, penetrationrates o. =?ed and -o%i*e Internet and te*ep!on+ a-on$ t!e pop#*ation re-aina-on$ t!e *owest in dee*opin$ Asia( @#rt!er-ore, t!e sit#ation !as worsened inter-s o. *a%or -arket e"ien"+ 2''t!4, w!ere t!e -ost sa*ient pro%*e- re-ains t!edis-a**+ *ow parti"ipation o. wo-en in t!e work.or"e( )it! a ratio wo-en7to7-en o.(06 210;t!4, India !as t!e *owest per"enta$e o. workin$ wo-en o#tside t!e Ara%wor*d(