ET says that;
“India may boast of its economic growth and open market economy, but we still rank 50th in global competitiveness. Although, India derives substantial advantages not only from its market size (ranked 4th for its domestic market size and 5th for its foreign market size), but also from its strong business sophistication (ranked 27th) and innovation (ranked 32nd), its overall competitive position is weakened by its macroeconomic instability (109th), with the government running one of the highest deficits in the world (ranked 127th), unsustainable levels of government debt (ranked 113th), and fairly high inflation.”
“The United States, on the other hand, tops the overall ranking in The Global Competitiveness Report 2008-2009, released recently by the World Economic Forum.”
Here’s a look at the world’s top 10 competitive economies: 1 2 3 4 5 6 7 8 9 10
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