Global Competitiveness Index - India's Rank Improves
DATA released yesterday by the World Economic Forum (WEF) shows that India's ranking in the Global Competitiveness Index (GCI) has improved by 16 places for the second year in a row. According to the latest ranking, India is placed 39th among 138 countries, ahead of BRICS countries other than China which is ranked 28th.
The Finance Minister Arun Jaitley said that the India's rank has steadily improved from 71 in 2014-15 to 55 in 2015-16 and to 39 in the latest report. With this improvement in its ranking, India has covered a long distance and is well on its way to emerge as a major player in the global economy.
Switzerland, Singapore and the United States remain the world's most competitive economies; India is the highest rising economy, climbing 16 places.
Tax laws are similar to the writings of Karl Marx and the writings of Sigmund Freud in that many of the people who loudly proclaim opinions about these documents have never read them.
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