New Delhi, May 19 -- India has made notable progress to improve its competitiveness and made manufacturing sector more attractive to investors, according to a report by S&P Global.

An analysis of S&P Global Market Intelligence's Strategic Opportunity Index(R) (SOI) over time indicates that India has taken significant steps to enhance its competitiveness.

It said "India has made notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to investors".

The report also noted that India can benefit from the growing trend of trade protectionism across the world. Although rising protectionist policies pose challenges, they can also support supply-chain diversification, which may work in India's favo...