India ranked 22 in the most competitive world economies
The Deloitte Competitiveness Index (DCI) is a new ranking based on key drivers of wealth creation – innovation, enterprise, investment and macroeconomic data. Their report places India at 22 among the top 25 countries, above Portugal, Russia and China. The report ranks the US at the top of the league with a strong performance across all sectors with a particular strength as 3.2% of its GDP is invested in R&D. “The Deloitte Competitiveness Index shows the long term mechanisms by which a country becomes wealth creating and in spite of the current low ranking of China and India their economic prowess should not be underestimated” according to a Deloitte expert.