Global Competitiveness Index 2016


  • India has moved up 16 positions to 39th place from last year’s 55th place
  • India has emerged as the highest rising economy due to improvement in goods market efficiency, business sophistication and innovation
  • Quality of India’s educational institutes
  • Opening the economy to foreign investors
  • Increasing transparency in the financial system
  • Venture capital availability
  • GDP and domestic market size
  • Public trust in politicians
  • Infrastructure has improved
  • Macroeconomic stability improved
  • Inflation/FD/CAD under control
  • Corruption is the biggest obstacle in doing business in the country
  • Policy instability
  • Inflation
  • Access to finance
  • Government instability and inadequate supply of infrastructure



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