India climbs 25 places in a global competitiveness ranking
India improved its standing by 25 places in a global competitiveness ranking, an advance attributed to a series of domestic economic reforms. Measures cited include the rollout of the Goods and Services Tax (GST), the Insolvency and Bankruptcy Code (IBC), improvements in the business environment, and trade-facilitation steps that reduced market distortions and strengthened India's competitive position.
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A large jump in an international competitiveness ranking signals reform impact examiners like to test.
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- India rose 25 places in the global competitiveness ranking.
- Gains credited to GST and the Insolvency and Bankruptcy Code (IBC).
- Business-environment and trade-facilitation reforms also cited.
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