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India falls 10 places to rank 68 in Global Competitive Index
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India, Oct. 9 -- Geneva: India has slipped 10 places in the Global Competitive Index to occupy 68th position out of 141 countries surveyed by the rankings.
Last year, India occupied 58th position in the index compiled by Geneva-based World Economic Forum (WEF).
Weak information, communication, and technology adoption have been cited as major reasons behind India's drop in the rankings. Poor health conditions and low life expectancy are other reasons behind fall in competitiveness.
WEF has observed that the basic enablers of competitiveness in India have major shortcomings.
This year India is among the worst-performing BRICS nations like Brazil, which has been ranked 71.
Singapore, on the other hand, grabbed the first position, replac...
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