Tshering22
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I am reporting it to the Ministry of Home Affairs and the GSI.
I suggest you do the same.
India Soars High - KPMG
- Thread starter Nilgiri
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I am reporting it to the Ministry of Home Affairs and the GSI.
I suggest you do the same.
Levina
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unbiasedopinion
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I have been noticing the same since long time. Let me know if you report it somewhere, I will sign the petition too.
Levina
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Tshering22
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E-mail with attached screenshots and date of these posts.
Nilgiri
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India becomes the second most competitive BRICS economy, to grow faster than China: WEF
http://economictimes.indiatimes.com...aster-than-china-wef/articleshow/54555682.cms
NEW DELHI: India has become the second most competitive BRICS economy and will grow faster than China this year, according to the latest edition of the Global Competitiveness Index of the World Economic Forum.
The report showed India’s competitiveness improved the fastest in 2015-16, jumping 16 places to rank 39th among 138 countries on the index, with the “stellar areas of improvement” being public institutions and increasing transparency in the financial system.
“India’s competitiveness has improved across the board, in particular in goods market efficiency, business sophistication, and innovation. Thanks to improved monetary and fiscal policies, as well as lower oil prices, the Indian economy has stabilised and now boasts the highest growth among G20 countries,” Global Competitiveness Report 2016 noted.
The report was released ahead of the India Economic Summit scheduled in New Delhi on October 6 and 7.
The forum’s analysts called India the best-performing economy in south Asia and an engine of growth in the region with recent reform efforts on improving public institutions, opening the economy to foreign investors and international trade, and increasing transparency in the financial system aiding its performance.
They said the Goods and Services Tax, if implemented well, will be a “game changer” for India.
While a decline in openness was cited as a major threat to the global competitiveness, India’s improved performance has been attributed to an increase in its openness.
Moreover, the report said there was convergence in the competitiveness of the world’s largest emerging markets.
“China, on 28, remains top among the BRICS grouping although another surge by India – which climbs 16 places to 39 – means there is now less of a gap between it and its peers. With both Russia and South Africa moving up two places to 43 and 47, respectively, onlyBrazil is declining, falling six places to 81,” it said.
However, analysts at the forum pointed out stressed balance sheets of banks, low female participation in the labour force, and a large part of country not connected to the internet among India’s weaknesses. Tax regulations, corruption, tax rates, poor public health andinflation were “problematic factors for doing business,” according to the report.
http://economictimes.indiatimes.com...aster-than-china-wef/articleshow/54555682.cms
NEW DELHI: India has become the second most competitive BRICS economy and will grow faster than China this year, according to the latest edition of the Global Competitiveness Index of the World Economic Forum.
The report showed India’s competitiveness improved the fastest in 2015-16, jumping 16 places to rank 39th among 138 countries on the index, with the “stellar areas of improvement” being public institutions and increasing transparency in the financial system.
“India’s competitiveness has improved across the board, in particular in goods market efficiency, business sophistication, and innovation. Thanks to improved monetary and fiscal policies, as well as lower oil prices, the Indian economy has stabilised and now boasts the highest growth among G20 countries,” Global Competitiveness Report 2016 noted.
The report was released ahead of the India Economic Summit scheduled in New Delhi on October 6 and 7.
The forum’s analysts called India the best-performing economy in south Asia and an engine of growth in the region with recent reform efforts on improving public institutions, opening the economy to foreign investors and international trade, and increasing transparency in the financial system aiding its performance.
They said the Goods and Services Tax, if implemented well, will be a “game changer” for India.
While a decline in openness was cited as a major threat to the global competitiveness, India’s improved performance has been attributed to an increase in its openness.
Moreover, the report said there was convergence in the competitiveness of the world’s largest emerging markets.
“China, on 28, remains top among the BRICS grouping although another surge by India – which climbs 16 places to 39 – means there is now less of a gap between it and its peers. With both Russia and South Africa moving up two places to 43 and 47, respectively, onlyBrazil is declining, falling six places to 81,” it said.
However, analysts at the forum pointed out stressed balance sheets of banks, low female participation in the labour force, and a large part of country not connected to the internet among India’s weaknesses. Tax regulations, corruption, tax rates, poor public health andinflation were “problematic factors for doing business,” according to the report.
Gibbs
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A more comprehensive analysis of the whole region
Lanka slips in global competitiveness ranking; India best performer
Sri Lanka has slipped three positions to languish at number 71 in the latest ranking of global competitiveness by the World Economic Forum whilst neighbouring giant India has emerged as the best performer.
Released yesterday, the WEF’s Global Competitiveness Report 2016/17 identified Sri Lanka as the most advanced economy in the South Asian region but noted the country has slipped three positions to 71st out of 138 countries assessed, but with a stable score.
“After years of conflict, the country needs to concentrate on triggering the efficiencies that will drive further growth—for example, by restructuring the labour market and investing in technological readiness, where it lags significantly behind economies at a similar stage of development,” the WEF’s GCR said.
Countries were assessed on 12 pillars and Sri Lanka’s performance was mixed under three sub-indexes Basic requirements ranked at 64, efficiency enhancers (83) and Innovation and sophistication factors (46). The pillars and Sri Lanka’s respective global ranking were Institutions (64), Infrastructure (57), Macroeconomic environment (73), Health and primary education (37), Higher Education and training (68), Goods market efficiency (66), Labour market efficiency (128), Financial market development (64), Technological readiness (101), Market size (60), Business sophistication (53) and Innovation (43).
In terms of most problematic factors for doing business, the WEF Executive Opinion Survey 2016 listed policy instability as the biggest concern followed by access to financing and inefficient government bureaucracy and tax rates.
As per the report, Switzerland, Singapore and the United States remain the world’s most competitive economies with India being the highest rising economy, climbing 16 places to be ranked at No 39.
It also finds declining openness is threatening growth and prosperity and noted monetary stimulus measures such as quantitative easing are not enough to sustain growth and must be accompanied by competitiveness reforms.
“Our data suggests that the degree to which economies are open to international trade in goods and service has been declining for ten years and that this could hurt prosperity in the future. We also consider the impact of competitiveness on monetary stimulus packages such as quantitative easing,” the WEF GCR said.
For emerging economies, the report said updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets.
Focusing on the region, the report said South Asia continues its upward trend and competitiveness improves in most economies in the region, which is experiencing positive economic momentum, and in 2016 is set to grow more quickly than China for the first time in more than 20 years. Over the past decade, the subcontinent has focused on improving overall health and primary education levels and upgrading infrastructure, areas of particular importance for future diversification and preparedness given the resource-driven nature of the regional economies.
In the health and primary education and the infrastructure pillars, South Asia’s average score has increased by 0.5 and 0.3 respectively since 2007, but infrastructure remains the region’s second weakest pillar, just after technological readiness. Investment in these areas will be vital to fully unlock economic growth. As they move up the development ladder, it will also be increasingly important for South Asian economies to establish competitiveness agendas to improve the functioning of their labour and financial markets, which have deteriorated over the last 10 years.
The region remains diverse, with a core of three heavyweight economies—India, Pakistan, and Bangladesh—surrounded by smaller ones such as Bhutan, Nepal, and Sri Lanka, each with its own peculiarities and unique development path. Since 2007, the gap between the best- and worst-performing economies in the region has increased in some of the drivers of competitiveness, mostly as a result of the deteriorating situation in Pakistan.
The quality of infrastructure has improved significantly (although from low levels) in India, Bangladesh, and Sri Lanka, while it stalls in Nepal and deteriorates in Pakistan. Pakistan is also the only economy that fails to improve its macroeconomic environment and health and primary education levels, falling behind other South Asian economies. Financial market development remains poor across the entire region, as does technological readiness; this last area improves significantly only in Bangladesh and Sri Lanka, which overtook India to become the best performer in this pillar in the region.
India leads the group of South Asian economies. Following its 16-point rise in our Global Competitiveness Index in 2015, India climbs a further 16 points this year, reaching 39th. This is the highest rise of any economy this year. India is now the second most competitive BRICS economy, behind China (28).
India’s improvement has largely been across the board, although stellar areas of improvement include; public institutions (up 16 to 42), increasing transparency in the financial system (up 15 to 38). However the WEF report noted that India is still long way from having in place all the competitiveness elements to realize its potential as a major global economy. Its labour market is still bound by rigid regulations and centralized wage determination (112); it ranks only 110th in terms of technological readiness (although here it climbs 10 places). Infrastructure 68th also remains a bottleneck even though it climbs 13 places.
The two Himalayan economies, Bhutan (97th) and Nepal (98th), both improve their positions this year, by eight places and one place, respectively. Infrastructure and connectivity are bottlenecks for both economies but, thanks to heavy investments in hydroelectric power, Bhutan can rely on a high-quality electricity supply (41st). Nepal boasts the best macroeconomic environment in the region and, after significant recent improvement, the second highest level of health and primary education.
Pakistan trails the group of South Asian economies. Its upward trend of recent years continues with an advance of four places to 122nd, although its score is still below the 2007 level. The climate of instability during this period has surely weighed down the country’s economic development.
- See more at: http://www.ft.lk/article/570270/Lan...ng--India-best-performer#sthash.pUlGuXzo.dpuf
Lanka slips in global competitiveness ranking; India best performer
Sri Lanka has slipped three positions to languish at number 71 in the latest ranking of global competitiveness by the World Economic Forum whilst neighbouring giant India has emerged as the best performer.
Released yesterday, the WEF’s Global Competitiveness Report 2016/17 identified Sri Lanka as the most advanced economy in the South Asian region but noted the country has slipped three positions to 71st out of 138 countries assessed, but with a stable score.
“After years of conflict, the country needs to concentrate on triggering the efficiencies that will drive further growth—for example, by restructuring the labour market and investing in technological readiness, where it lags significantly behind economies at a similar stage of development,” the WEF’s GCR said.
Countries were assessed on 12 pillars and Sri Lanka’s performance was mixed under three sub-indexes Basic requirements ranked at 64, efficiency enhancers (83) and Innovation and sophistication factors (46). The pillars and Sri Lanka’s respective global ranking were Institutions (64), Infrastructure (57), Macroeconomic environment (73), Health and primary education (37), Higher Education and training (68), Goods market efficiency (66), Labour market efficiency (128), Financial market development (64), Technological readiness (101), Market size (60), Business sophistication (53) and Innovation (43).
In terms of most problematic factors for doing business, the WEF Executive Opinion Survey 2016 listed policy instability as the biggest concern followed by access to financing and inefficient government bureaucracy and tax rates.
As per the report, Switzerland, Singapore and the United States remain the world’s most competitive economies with India being the highest rising economy, climbing 16 places to be ranked at No 39.
It also finds declining openness is threatening growth and prosperity and noted monetary stimulus measures such as quantitative easing are not enough to sustain growth and must be accompanied by competitiveness reforms.
“Our data suggests that the degree to which economies are open to international trade in goods and service has been declining for ten years and that this could hurt prosperity in the future. We also consider the impact of competitiveness on monetary stimulus packages such as quantitative easing,” the WEF GCR said.
For emerging economies, the report said updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets.
Focusing on the region, the report said South Asia continues its upward trend and competitiveness improves in most economies in the region, which is experiencing positive economic momentum, and in 2016 is set to grow more quickly than China for the first time in more than 20 years. Over the past decade, the subcontinent has focused on improving overall health and primary education levels and upgrading infrastructure, areas of particular importance for future diversification and preparedness given the resource-driven nature of the regional economies.
In the health and primary education and the infrastructure pillars, South Asia’s average score has increased by 0.5 and 0.3 respectively since 2007, but infrastructure remains the region’s second weakest pillar, just after technological readiness. Investment in these areas will be vital to fully unlock economic growth. As they move up the development ladder, it will also be increasingly important for South Asian economies to establish competitiveness agendas to improve the functioning of their labour and financial markets, which have deteriorated over the last 10 years.
The region remains diverse, with a core of three heavyweight economies—India, Pakistan, and Bangladesh—surrounded by smaller ones such as Bhutan, Nepal, and Sri Lanka, each with its own peculiarities and unique development path. Since 2007, the gap between the best- and worst-performing economies in the region has increased in some of the drivers of competitiveness, mostly as a result of the deteriorating situation in Pakistan.
The quality of infrastructure has improved significantly (although from low levels) in India, Bangladesh, and Sri Lanka, while it stalls in Nepal and deteriorates in Pakistan. Pakistan is also the only economy that fails to improve its macroeconomic environment and health and primary education levels, falling behind other South Asian economies. Financial market development remains poor across the entire region, as does technological readiness; this last area improves significantly only in Bangladesh and Sri Lanka, which overtook India to become the best performer in this pillar in the region.
India leads the group of South Asian economies. Following its 16-point rise in our Global Competitiveness Index in 2015, India climbs a further 16 points this year, reaching 39th. This is the highest rise of any economy this year. India is now the second most competitive BRICS economy, behind China (28).
India’s improvement has largely been across the board, although stellar areas of improvement include; public institutions (up 16 to 42), increasing transparency in the financial system (up 15 to 38). However the WEF report noted that India is still long way from having in place all the competitiveness elements to realize its potential as a major global economy. Its labour market is still bound by rigid regulations and centralized wage determination (112); it ranks only 110th in terms of technological readiness (although here it climbs 10 places). Infrastructure 68th also remains a bottleneck even though it climbs 13 places.
The two Himalayan economies, Bhutan (97th) and Nepal (98th), both improve their positions this year, by eight places and one place, respectively. Infrastructure and connectivity are bottlenecks for both economies but, thanks to heavy investments in hydroelectric power, Bhutan can rely on a high-quality electricity supply (41st). Nepal boasts the best macroeconomic environment in the region and, after significant recent improvement, the second highest level of health and primary education.
Pakistan trails the group of South Asian economies. Its upward trend of recent years continues with an advance of four places to 122nd, although its score is still below the 2007 level. The climate of instability during this period has surely weighed down the country’s economic development.
- See more at: http://www.ft.lk/article/570270/Lan...ng--India-best-performer#sthash.pUlGuXzo.dpuf
Nilgiri
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One graph that shows India’s big leap in global competitiveness under PM Narendra Modi
The Global Competitiveness Index report 2016-17 released by the World Economic Forum shows India has made the biggest leap among all countries of the world this year
The Global Competitiveness Report 2016-17 released by the World Economic Forum shows India has made the biggest leap among all countries of the world this year. India is placed at the 39th position, which is 16 notches above the last year’s rank. Incidentally, in 2015-16 also India had jumped 16 positions in the Global Competitiveness Index.
While Switzerland has topped the list for the record eighth time, it is closely followed by Singapore and the US. With a score of 4.52, India is also the second-most competitive among BRICS nations behind China, which is ranked 28th. Switzerland’s score is 5.81.
Much of the change in India’s competitive outlook has been possible because of Prime Minister Narendra Modi reform measures to make India a leading global destination for investment. In the report, a graph comparing 10 years of competitiveness in India shows the country’s competitiveness index remained in the negative for most of the years between 2008-2014, during the Congress-led UPA government. While the index touched above zero points during 2010-11 and 2012-13, it slumped again in the negative in the following years till 2014.
In the last two years of PM Modi’s rule, India’s has jumped a whopping 32 places in the competitiveness index.
According to the report, India’s competitiveness has improved in several areas including goods market efficiency, business sophistication, and innovation. The report notes: “Indian economy has stabilized and now boasts the highest growth among G20 countries because of improved monetary and fiscal policies, as well as lower oil prices.”
Commenting on India’s ranking in the competitiveness index, Amitabh Kant, CEO, Niti Aayog, today tweeted, “Radically improving in all areas of growth: India improves in Global Competitiveness Index.”
The global ranking is based on the Global Competitiveness Index (GCI) which is prepared from country-level data covering 12 aspects including institutions, infrastructure, macroeconomic environment, health and primary education, financial market development, technological readiness, market size, business sophistication and innovation.
http://www.financialexpress.com/eco...-index-reports-under-pm-narendra-modi/395815/
=================================================================================
The full report is here for anyone interested:
http://www3.weforum.org/docs/GCR201...lobalCompetitivenessReport2016-2017_FINAL.pdf
@Bilal9 @Dungeness @That Guy @itachii @PARIKRAMA @anant_s @AndrewJin @Khan_21 @farhan_9909 @LA se Karachi
@Shotgunner51 Random weightings yet again?!?!
The Global Competitiveness Index report 2016-17 released by the World Economic Forum shows India has made the biggest leap among all countries of the world this year
The Global Competitiveness Report 2016-17 released by the World Economic Forum shows India has made the biggest leap among all countries of the world this year. India is placed at the 39th position, which is 16 notches above the last year’s rank. Incidentally, in 2015-16 also India had jumped 16 positions in the Global Competitiveness Index.
While Switzerland has topped the list for the record eighth time, it is closely followed by Singapore and the US. With a score of 4.52, India is also the second-most competitive among BRICS nations behind China, which is ranked 28th. Switzerland’s score is 5.81.
Much of the change in India’s competitive outlook has been possible because of Prime Minister Narendra Modi reform measures to make India a leading global destination for investment. In the report, a graph comparing 10 years of competitiveness in India shows the country’s competitiveness index remained in the negative for most of the years between 2008-2014, during the Congress-led UPA government. While the index touched above zero points during 2010-11 and 2012-13, it slumped again in the negative in the following years till 2014.
In the last two years of PM Modi’s rule, India’s has jumped a whopping 32 places in the competitiveness index.
According to the report, India’s competitiveness has improved in several areas including goods market efficiency, business sophistication, and innovation. The report notes: “Indian economy has stabilized and now boasts the highest growth among G20 countries because of improved monetary and fiscal policies, as well as lower oil prices.”
Commenting on India’s ranking in the competitiveness index, Amitabh Kant, CEO, Niti Aayog, today tweeted, “Radically improving in all areas of growth: India improves in Global Competitiveness Index.”
The global ranking is based on the Global Competitiveness Index (GCI) which is prepared from country-level data covering 12 aspects including institutions, infrastructure, macroeconomic environment, health and primary education, financial market development, technological readiness, market size, business sophistication and innovation.
http://www.financialexpress.com/eco...-index-reports-under-pm-narendra-modi/395815/
=================================================================================
The full report is here for anyone interested:
http://www3.weforum.org/docs/GCR201...lobalCompetitivenessReport2016-2017_FINAL.pdf
@Bilal9 @Dungeness @That Guy @itachii @PARIKRAMA @anant_s @AndrewJin @Khan_21 @farhan_9909 @LA se Karachi
@Shotgunner51 Random weightings yet again?!?!
That Guy
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What do you make of this?One graph that shows India’s big leap in global competitiveness under PM Narendra Modi
The Global Competitiveness Index report 2016-17 released by the World Economic Forum shows India has made the biggest leap among all countries of the world this year
The Global Competitiveness Report 2016-17 released by the World Economic Forum shows India has made the biggest leap among all countries of the world this year. India is placed at the 39th position, which is 16 notches above the last year’s rank. Incidentally, in 2015-16 also India had jumped 16 positions in the Global Competitiveness Index.
While Switzerland has topped the list for the record eighth time, it is closely followed by Singapore and the US. With a score of 4.52, India is also the second-most competitive among BRICS nations behind China, which is ranked 28th. Switzerland’s score is 5.81.
Much of the change in India’s competitive outlook has been possible because of Prime Minister Narendra Modi reform measures to make India a leading global destination for investment. In the report, a graph comparing 10 years of competitiveness in India shows the country’s competitiveness index remained in the negative for most of the years between 2008-2014, during the Congress-led UPA government. While the index touched above zero points during 2010-11 and 2012-13, it slumped again in the negative in the following years till 2014.
In the last two years of PM Modi’s rule, India’s has jumped a whopping 32 places in the competitiveness index.
According to the report, India’s competitiveness has improved in several areas including goods market efficiency, business sophistication, and innovation. The report notes: “Indian economy has stabilized and now boasts the highest growth among G20 countries because of improved monetary and fiscal policies, as well as lower oil prices.”
Commenting on India’s ranking in the competitiveness index, Amitabh Kant, CEO, Niti Aayog, today tweeted, “Radically improving in all areas of growth: India improves in Global Competitiveness Index.”
The global ranking is based on the Global Competitiveness Index (GCI) which is prepared from country-level data covering 12 aspects including institutions, infrastructure, macroeconomic environment, health and primary education, financial market development, technological readiness, market size, business sophistication and innovation.
http://www.financialexpress.com/eco...-index-reports-under-pm-narendra-modi/395815/
=================================================================================
The full report is here for anyone interested:
http://www3.weforum.org/docs/GCR201...lobalCompetitivenessReport2016-2017_FINAL.pdf
@Bilal9 @Dungeness @That Guy @itachii @PARIKRAMA @anant_s @AndrewJin @Khan_21 @farhan_9909 @LA se Karachi
@Shotgunner51 Random weightings yet again?!?!
Dungeness
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Thanks for tagging, and congratulations on the big improvement on competitive index ranking.
Until these "improvements" actually benefit the poorest section of Indian society, I remain skeptical about these superficial indices and Modi's leadership. As a father, it touches my nerve when I read the news like this:
http://www.newindianexpress.com/nat...ashtra-minister/2016/09/16/article3622641.ece
Until these "improvements" actually benefit the poorest section of Indian society, I remain skeptical about these superficial indices and Modi's leadership. As a father, it touches my nerve when I read the news like this:
http://www.newindianexpress.com/nat...ashtra-minister/2016/09/16/article3622641.ece
Nilgiri
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Great video overall. A few points:
a) Jobs situation is overall correct. But this is mostly from weaker demand due to the prevailing credit situation that needs to resolve (so private companies in the formal sector can expand and hire more).
Labour reform is a structural problem that will need to be addressed systematically. I used to think it could be done in one fell swoop, but after commiting some time to researching the subject more, I have found it will need to be done somewhat gradually and on a more local state basis (mostly so the implementation is much better and persevered with).
As states succeed this will create pressure and competition for other states to follow. I think the GST reform will be a big driver for this as supply chains get better integrated.
However there is plenty of potential (untapped slack if you will - that the informal sector picks up) even with no or little mass scale labour reform given the credit situation being the biggest reason and also the capacity in skills being expanded now in a big way.
I also disagree the informal sector is always a bad thing. Its not as good as the formal sector overall, but there are actually quite good paying jobs and even decent growth there. Its just a lot more variable.
b) Interest rates and RBI....I agree with the video overall.
c) Infra, spot on analysis.
d) Land acquisition, spot on. It may happen term 2.
e) GST, good summary. Ties in with the other points too. The GST has been approved by parliament now (seems the video is a bit old). It is in the process of final design and implementation.
The inflation from GST will most likely be controlled by a low tax rate and more rationalised spending.
f) Energy, the summary is correct. Please post part 2 when it is released, this seems a good frank assessment so far.
That Guy
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anant_s
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GST will improve things further and will have a deep impact on economy becoming more competitive and efficient as everybody is now on a level playing ground.
However, to quote Robert Frost, miles to go......
PS: @Nilgiri I really appreciate posts like these from you. you belong here and not on BD forums. (@PARIKRAMA @nair will hopefully talk to you more on this. Right Gentlemen)
Nilgiri
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GST will improve things further and will have a deep impact on economy becoming more competitive and efficient as everybody is now on a level playing ground.
However, to quote Robert Frost, miles to go......
PS: @Nilgiri I really appreciate posts like these from you. you belong here and not on BD forums. (@PARIKRAMA @nair will hopefully talk to you more on this. Right Gentlemen)
I am weaning myself away. Soon it will be one or two replies there per week hehe.
anant_s
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Why not!
Listening always is better part of conversation!!
