# If Goanet stops reaching you, contact [EMAIL PROTECTED] # # Want to check the archives? http://www.goanet.org/pipermail/goanet/ # # Please keep your discussion/tone polite, to reflect respect to others #
##########################################################################
Even Namibia is ahead of India!
A Correspondent | October 13, 2004
India is way down in the World Economic Forum's Global Competitiveness Index, ranked at number 55 in a list of 104 nations.
If it is any consolation, India moved one place up from last year's rank of 56. (Check table below)
Finland remains the most competitive economy in the world and tops the rankings for the second consecutive year in The Global Competitiveness Report 2004-2005, released on Wednesday by the WEF in Geneva.
The 5 biggest problems for doing business India and the World Economic Forum: Complete Coverage
The United States is in second position, followed by Sweden, Taiwan, Denmark and Norway, consecutively.
"The Nordic countries are characterised by excellent macroeconomic management overall -- they are all running budget surpluses -- they have extremely low levels of corruption, with their firms operating in a legal environment in which there is widespread respect for contracts and the rule of law, and their private sectors are on the forefront of technological innovation," said Augusto Lopez-Claros, Chief Economist and Director of the World Economic Forum's Global Competitiveness Programme, explaining why the Nordic nations have been faring superbly on the Global Competitiveness Index.
Full article (with table): http://www.rediff.com/money/2004/oct/13wef.htm
