The Annual World Economic Forum’s Global Competitiveness rankings are out and at 55 (out of 140 nations), India is at its best in the last four years. The recent push by the Indian government to reforms and programs for development and economic growth are showing results, increasing its desirability as an investment destination. While India remains low in its Ease of doing Business rankings (released by the World Bank) and is still lacking in digital infrastructure and efficient systems to cure corruption and political instability; all evidence indicates that India is going in the right direction.
The NDA government has launched new national programs like the Digital India Initiative, bureaucratic shuffles and other structural and legal reforms to fight corruption and move towards growth. It won’t be long before India is able to surpass the 43rd rank, its best performance till date.