India 43rd in world competitiveness table

TOKYO, APRIL 19. India stands at the 43rd position in global competitiveness, while Japan has slipped to number 17 because it is failing to grasp fully the benefits of the new high-tech economy, according to an international league table published today.

The annual World Competitiveness Yearbook, compiled by the International Institute for Management Development (IMD) based in Lausanne, Switzerland, ranked the United States first, ahead of Singapore and Finland. The order was unchanged from last year.

Japan slipped one place to 17, reflecting another year of disappointing growth. The institute said some sectors in Japan, such as telecommunications, were restructuring quickly. But more traditional industries such as cars and banking were moving less rapidly, said the IMD, which published the report on its Website www.imd.ch.

The competitiveness league table ranks 47 countries using 290 criteria, two-thirds based on hard statistical data and a third on responses to a survey of 3,263 business executives. Among other Asian economies, Hong Kong slid to 14th position from seventh because growth last year lagged that of its neighbours. Taiwan slipped to 22nd place from 18th due to a volatile political environment and a persistent budget deficit.

- Reuters

Send this article to Friends by E-Mail

Section  : International
Previous : Whimsical jehad not useful: Kulsoom
Next     : Putin scores wins in Parliament