India climbs 25 places in a global competitiveness ranking
India has climbed 25 places in a global competitiveness ranking as economic reforms reduced market distortions. The improvement follows a series of domestic reforms, including implementation of the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC), along with improvements in the business environment and trade-facilitation measures. Better rankings signal easier doing-business conditions and stronger investor confidence.
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Movement in an international ranking, with the reforms credited, is a frequently asked index question.
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- India rose 25 places in the global competitiveness ranking.
- Credited to reforms such as GST and the IBC.
- Business-environment and trade-facilitation measures also cited.
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