India Ranked 43rd On World Competitiveness Index

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What is Competitiveness of a country?

Competitiveness is the degree to which a nation can, under free trade and fair market conditions,
Produce goods and services which meet the test of international markets,
While simultaneously maintaining and expanding the real income of its people over the long-term.
India continues to remain ranked 43rd on an annual World Competitiveness Index compiled by Institute for Management Development (IMD)
With some traditional weaknesses like poor infrastructure and insufficient education investment keeping its ranking low.
India was ranked 41st on the IMD World Competitiveness Ranking, being produced by the business school based in Switzerland and Singapore every year since 1989,
But had slipped to 45th in 2017 before improving to 44th in 2018 and then to 43rd in 2019.

India has moved down in areas like-
Taxes,
Exchange rate stability,
Real GDP growth,Competition legislation.
Head of Competitiveness Center at IMD Business School, said,
India continues to struggle on the list and the recent country rating downgrade by Moody’s reflects the uncertainties regarding the economy’s future.“We again emphasize the traditional weaknesses of India — poor infrastructure, an important deficit in education investment, and a health system that does not reach everybody.
For India to follow the path of China, it must stress its intangible infrastrure.

About Singapore, which moved to the top rank last year, the IMD said,
Its position is largely driven by the relative ease of setting up business, availability of skilled labour and its cutting-edge technological