India slipped down with 3 ranks to 59th position from its previous year
ranking in the Global Competitiveness Report 2012-2013 released on 5
September 2012 by the World Economic Forum. The identified reason for
this downfall is India’s disappointing performance in satisfying
competitiveness for the basic factors.
Previously, India was far
ahead to the nations like South Africa and Brazil has trailed down by
10 ranks and is 30 ranks behind the China. As per the details released
by the forum, India still is strong in term of competitiveness on many
other sections of comparison.
Switzerland managed to be on top
of the list for consecutive four years followed by Singapore that ranked
second and Finland was placed at third position. Among the members of
BRICKS Nations, Russia was placed at 67th Position, South Africa got
52nd position and Brazil remained to be the 48th Nation.
No comments:
Post a Comment