India slips one rank in

world competitiveness
BS REPORTER
New Delhi, 17 May
THE WORLD
COMPETITIVENESS
INDIA slipped one rank, to SCOREBOARD 2011
32nd position in overall com-
The scoreboard presents 2011
petitiveness among 59 nations,
rankings for 59 economies
according to the ‘World Com- covered by WCY. Economies
petitiveness Rankings’, an- are ranked from the most to
nounced today by the Inter- the least competitive. Results
national Institute for Man- from last year’s scoreboard
agement Development, Lau- (2010) are shown in brackets.
sanne (Switzerland). Scores shown to the right are
The recovery of financial indices for constructing charts
markets pushed the US and and graphics.
Hong Kong to first place, fol-
(2) Hong Kong 1 100.000
lowed by last year’s topper,
Singapore, which fell to third (3) USA 1 100.000
spot. In 2010, the US and Hong (1) Singapore 3 98.557
Kong ranked second and
(6) Sweden 4 94.063
third, respectively.
Sweden jumped to fourth, (4) Switzerland 5 92.588
from sixth in 2010, and Ger- (8) Taiwan 6 92.011
many came sixth, helped by (7) Canada 7 90.782
buoyant exports.
India’s neighbouring com- (15) Qatar 8 90.219
petitor, China, also slipped one (5) Australia 9 89.259
rank, to 19th and Japan went (16) Germany 10 87.824
up one rank to 26th slot, said
the business school’s 2011 (18) China (mainland) 19 81.100
Yearbook. (22) United Kingdom 20 80.278
“Though India’s ranking is (31) India 32 70.649
below the midway mark, it still
(36) Spain 35 66.675
did better than Indonesia (37)
Philippines (41), Brazil (44) (35) Indonesia 37 64.610
and Russia (49),” said a press (40) Italy 42 62.748
release by the National Pro-
(38) Brazil 44 61.043
ductivity Council of India.
Sharply different trends (51) Russia 49 58.376
were observed in India’s rank- (44) South Africa 52 56.856
ing in four major parameters. (58) Venezuela 59 35.249
While the ranking relating to
economic performance, gov- 0 10 20 40 60 100
ernment efficiency and infra- Source: IMD World Competitiveness
structure availability mar- Yearbook 2011
ginally improved, India
slipped on business efficien- 2010. In economic perform-
cy, which pulled down its ance, a macroeconomic eval-
overall ranking. uation of the domestic econo-
On government efficiency, my and related to areas like
which includes fiscal man- trade, investments, employ-
agement and business legis- ment and prices, the position
lation, India went up to 29th of India improved by two
rank in 2011 from 30th rank in ranks to 18th place.