India chasing 49 countries in Global Competitivenesss

The United States, tops the overall ranking in The Global Competitiveness Report 2008-2009 again, released recently by the World Economic Forum. However Our India is still chasing 49 countries in the race of global competitiveness. We have improved a lot on various aspects like we enjoy advantages not only from its market size (ranked 4th for its domestic market size and 5th for its foreign market size), but also from its strong business sophistication (ranked 27th) and innovation (ranked 32nd), however our overall competitive position is weakened by its macroeconomic instability (109th), with the government running one of the highest deficits in the world (ranked 127th), unsustainable levels of government debt (ranked 113th), and fairly high inflation.

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The list goes as shown below:

Country: US

Rank: 1

Score: 5.74


Country: Switzerland

Rank: 2

Score: 5.61


Country: Denmark

Rank: 3

Score: 5.58


Country: Sweden

Rank: 4

Score: 5.53


Country: Singapore

Rank: 5

Score: 5.53


Country: Finland

Rank: 6

Score: 5.50


Country: Germany

Rank: 7

Score: 5.46


Country: Netherlands

Rank: 8

Score: 5.41


Country: Japan

Rank: 9

Score: 5.38


Country: Canada

Rank: 10

Score: 5.37
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Country: India

Rank: 50

Score: 4.33