The World Economic Forum has listed the Global Competitiveness Index 2011-2012. Below is the statement from them.
India ranks 56th in the list. Many surveys shows that foreign companies fears to setup their business in India due to lack of transparency and government interference in day to day running of business.Of course , the never ending scams also makes the foreign companies worries.
"The complexity of today’s global economic environment has made it more important than ever to recognize and encourage the qualitative as well as the quantitative aspects of growth, integrating such concepts as inclusiveness and environmental sustainability to provide a fuller picture of what is needed and what works. Indeed, the Forum is focusing increasingly on “quality growth” in its various activities. In this context, the Forum’s Centre for Global Competitiveness and Performance has begun to explore which factors are necessary to ensure that national competitiveness remains sustainable over the longer term."
India ranks 56th in the list. Many surveys shows that foreign companies fears to setup their business in India due to lack of transparency and government interference in day to day running of business.Of course , the never ending scams also makes the foreign companies worries.
| Rank | Score | |
| 1. | Switzerland | 5.74 |
| 2. | Singapore | 5.63 |
| 2. | Sweden | 5.61 |
| 4. | Finland | 5.47 |
| 5. | United States | 5.43 |
| 6. | Germany | 5.41 |
| 7. | Netherlands | 5.41 |
| 7. | Denmark | 5.40 |
| 9. | Japan | 5.40 |
| 10. | United Kingdom | 5.39 |
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