India ranks 50th in WEF's global competitiveness ranking

From ANI

New Delhi, Oct 9: India ranked 50th in the latest list of global competitiveness ranking compiled by the World Economic Forum.

India has dropped two places from last year's 48th spot in the annual Global Competitiveness 2008-09 Report, while China has improved its ranking to the 30th spot.

The US has topped the league of 134 countries even as the financial turmoil is ravaging its economy.

Among the BRIC (Brazil, Russia India and China) economies, China has the highest rank, followed by India, Russia (51) and Brazil (64).

Moreover, only India has dropped in the ranking, while Russia and Brazil have jumped from last year's 58th and 72nd positions, respectively.

The top four countries in the index - US, Switzerland, Denmark and Sweden - have retained their respective positions from last year.

Singapore (5), Finland (6), Germany (7), Netherlands (8), Japan (9) and Canada (10) are the other countries in the top 10 list.


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