As the Narendra Modi government completes four years this month, India continues to perform modestly in the global competitive rankings, rising one place to 44 this year out of 63 countries ranked by the IMD World Competitiveness Center. The five most competitive economies in the world remain the same as in the previous year, but with their order changed. The US returned to the first spot, followed by Hong Kong, Singapore, the Netherlands and Switzerland. The competitive landscape underlying the IMD rankings is based on the performance in various diverse areas such as domestic economy, international trade, international investment, employment, prices, public finance, tax policy, institutional framework, business legislation, societal framework, productivity and efficiency, labour market, finance, management practices, attitudes and values, basic infrastructure, technology infrastructure, scientific infrastructure, health and environment, and education.

(Live Mint)