In a world of declining consumer demand and geo-political uncertainties, the likes of which have not been seen in the past many decades, the India growth story continues to attract positive sentiment from global markets and experts. “Declining openness in the global economy is harming competitiveness and making it harder for leaders to drive sustainable, inclusive growth,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum. In such a fragile environment with sustained high debt levels in emerging markets, that hampers trade and hits the free market, the Global Competitiveness Report for 2016-17 by the World Economic Forum (WEF) has placed India at the 39th spot, a whooping 16 place jump from last year. India led the group of South Asian economies and saw major improvements in areas of institutions and infrastructure (42nd and 68th), which have been particularly important in increasing overall competitiveness, the report said.
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