Wednesday 9 September 2009


INDIA GETS MORE COMPETITIVE

Indian Express, September 9, 2009

Vibrant financial markets and a sound banking sector have helped the Indian economy move up a notch to the 49th place on the global competitive scale, while Switzerland has toppled the US as the top-ranked nation, the World Economic Forum said on Tuesday in its annual ranking of the world’s most competitive economies.

Reversed development pattern

India’s competitive performance continues to exhibit a rather reversed development pattern. It ranks an outstanding 28th in the most complex areas measured by the business sophistication and innovation subindex, ahead of several advanced economies. The country also boasts of fairly well functioning institutions (54th), bustling financial markets (16th), and a sound banking sector (25th) supported by a vast domestic market (4th largest in PPP terms). However, the country underperforms on some of the basic determinants of competitiveness, namely health and primary education (101st), macroeconomic stability (96th) — though improving — and infrastructure (76th). In addition, penetration rates for mobile telephony (116th), the Internet (104th), and personal computers (96th) remain among the lowest in the world, while inefficiencies in the labour market (83rd) prevent an optimal allocation of human capital. Improvements in these areas would place India on a stronger growth trajectory going into the future.

(...) [artículo aquí]

No comments: