India takes a leap in competitiveness ranking

By agencies   |   Thursday, 11 May 2006, 07:00 Hrs
Printer Print Email Email
MUMBAI: The Laussane, Switzerland based International Institute of Management Development (IMD) has given thumbs up to India’s growing competitiveness. India has raised an impressive 10 notches to 29 from 39.

Stephane Garelli, Director, World Competitiveness Yearbook, and professor of IMD said, “This is largely the result of the dynamism of the technology and the services sector. Besides, now the government seems to have a clearer policy on opening the country to foreign business participation.”

Garelli said, “The U.S. is grappling with higher budget deficits and debt. It is facing problems with regard to the government’s efficiency.”

Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..