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INDIA - ECONOMY |
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Date-wise Events |
- September 28, 2016:
- Global Competitiveness Index, GCI 2016-17:
- India has jumped 16 places in Global
Competitiveness Index, GCI 2016-17 released by the
World Economic Forum. For the second year in a row,
India climbed 16 positions to occupy the 39th spot
out of 138 countries which were reviewed.
Switzerland, Singapore and the US remain as the
world's most competitive economies. China ranks 28
in the index. Among the other BRICS nations, Russia
is ranked 43rd, South Africa is at 47 and Brazil at
81. In the report, India showed biggest improvement
in rankings as its competitiveness improved on
several fronts including efficiency in goods market,
business sophistication and innovation.
- December 19, 2016:
- Economy Size:
- In over 150 years Indian economy size surpassed
that of United Kingdom. So India became the 5th
largest economy in the world after USA, China, Japan
and Germany.
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