India climbs 25 places in global competitiveness ranking
India climbed 25 places in a global competitiveness ranking, with the improvement attributed to reforms that reduced market distortions. The gains were linked to measures including the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC), alongside improvements in the business environment and trade facilitation.
Nabka Insight
Jumps in international competitiveness rankings and the reforms credited for them are common economy questions.
Powered by AIKey facts
- India rose 25 places in the ranking.
- Improvement credited to reduced market distortions.
- Reforms cited: GST and IBC.
- Business-environment and trade-facilitation measures also cited.
Relevant forBanking · SSC · State PSC · UPSC