Botswana has dropped one notch in the latest global competitiveness rankings compiled by the Swiss-based Institute of Management Development (IMD), with local researchers noting disturbing regression across several key indicators.
India fell 3 rungs to finish 40th but is still in a better position than it was between 2019-2021 when it was placed 43rd three years in a row. Based on the IMD report, the country improved in government efficiency but fared slightly poorer than other countries in business efficiency, infrastructure, and economic performance. Specifically, the top three measures that helped India in its score are exchange rate stability, compensation levels and improvements in pollution control.
India has improved from 43rd rank in 2019-2021. The IMD report highlights progress in government efficiency but notes weaknesses in business efficiency, infrastructure, and economic performance.