India Inc has been able to show its mettle as it has moved up in the global competitiveness ranking leaving China behind as per the global competitiveness report 2000 released recently by World Economic Forum (WEF) and Harvard University. The study conducted jointly by noted economists from index (CCI) ranking, India's position had risen from 42 in 1999 to 37 in 2000 while China's ranking was 44 last year. Singapore ranks number one followed by the USA.

The CCI, the report said, is being used to gauge the growth potential of a country. The index aims to identify the factors responsible for raising productivity and current economic performance as measured by the rise in the level of GDP per person. The report described ‘competitiveness' as ‘set of institutions and economic policies supportive of high rates of growth in the medium term.’
Bureau Report