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TMI BlogIndia’s Rank in the Global Competitive IndexX X X X Extracts X X X X X X X X Extracts X X X X ..... India’s Rank in the Global Competitive Index - News and Press Release Dated:- 11-12-2012 - News - Press Information Bureau Government of India Ministry of Corporate Affairs 10-December, 2012 19:23 IST As per the latest Global Competitiveness Report 2012-13, brought out by World Economic Forum, a Swiss non-profit foundation based in Geneva, India ranks 59th amongst 144 economie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in the Global Competitiveness Index for 2012-13, as against 56th position out of 142 economies covered in 2011-12. The Global Competitiveness Index (GCI) measures the competitive performance of the economies around the world for doing business. It is a composite index that combines three component indices covering 12 different parameters (termed pillars ). The details of the three components ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... along with the weights assigned to them and the pillars are presented in table below: Components Weights for India Pillars Basic requirements (60%) Institutions Infrastructure Macroeconomic environment Health and primary education Efficiency enhancers (35%) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Higher education and training Goods market efficiency Labour market efficiency Financial market development Technological readiness Market size Innovation and sophistication factors (5%) Business sophistication Innovation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that computation of GCI for the year 2012-13 is based on 113 indicators. As the indicators vary from year to year a comparison from previous years is not feasible. However, India s pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rformance with a GCI score of 4.32 (on a scale of 1-7) in the year 2012-13 is an improvement over last year score of 4.30. This country has also improved its performance in respect of each individual component of the index. In the meanwhile, the Ministry of Corporate Affairs has constituted a Committee for Reforming the Regulatory Environment for Doing Business in India under the chairmanship of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shri M. Damodaran with the objective of making an in-depth study into the entire gamut of regulatory framework and come out with a detailed road-map for improving the business climate in the country that would help improve India s competitiveness. ------------------------ KKP - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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