HT Image
HT Image

India ranked 29th in World Yearbook

India gained 10 spots to bag the 29th place in the World Competitiveness Yearbook released by the IMD.
By Press Trust of India | None, Houston
UPDATED ON MAY 23, 2006 03:35 PM IST

India has gained 10 spots to bag the 29th place in the latest World Competitiveness Yearbook released by the International Institute of Management Development (IMD).

The 2006 yearbook, which ranks 61 economies on the basis of economic performance, government and business efficiency and infrastructure, ranked the US as the world's leading economy followed by Hong Kong and Singapore.

Apart from India, China also moved up the rankings jumping 12 spots to finish at the 19th spot.

"The proliferation of powerful new local enterprises and brands in China and India illustrates how quickly the world is producing new actors and competitors," the study said.

The report noted that the US and France are still the second and fifth largest exporters in the world thanks to very dynamic enterprises. In both nations, business outperforms government.

"India and China face similar gaps between government and economic performance, but for different reasons. With growth rates of 8.1% and 9.9% respectively, both governments face the challenge of keeping pace with rapid economic expansion," said the report, recently released in Lausanne (Switzerland).

Their task now is to meet the standards and expectations of a buoyant economy, it said.

"Failure to do so may create economic and social imbalances that could jeopardise what has been achieved so far," the report warned.

The report also pointed out that success had a price.

"To support and stimulate the competitiveness of their country, governments need to remain on top of economic imperatives. Hong Kong and Singapore are catching up with the US because their governments are more in synchronisation with economic performance," it said.

Companies that move manufacturing abroad to lower production costs stand to benefit from comparative advantages, but also run a risk of creating new competitors, it said.

"An extended, global value chain based on the networking of partners implies more corporate proprietary information is freely shared inside the system and thus can be copied or stolen," the 2006 World Competitiveness Yearbook said.

"In such an open environment, friends can quickly turn into enemies," it said.

The report forecast that a key dynamic in the global economy will be the "creation of a middle class in previously ... Underdeveloped markets, mainly in Asia, where 600 million people already reached this status in the past five years and thereby generated an explosion in consumer goods sales."

Advances in communication, transportation and logistics have enabled firms to "manage the value chain globally" and develop multi-country sourcing strategies, it said.

For 2006, the report also calculated the biggest negative differences between the government's contribution and the economy's contribution to the overall competitiveness of a country. In these calculations, the governments of Venezuela, Argentina, Brazil, Mexico and Italy fared the worst and significantly lag behind their economic performance.

The lowering of trade barriers and the explosion of Internet are accelerating the pace of change, the report said.

SHARE THIS ARTICLE ON
app
Close
During the hearing, senior advocates Parag Tripathi and BH Marlapally, appeared on behalf of the associations of state government officers and other employees.(HT Archive)
During the hearing, senior advocates Parag Tripathi and BH Marlapally, appeared on behalf of the associations of state government officers and other employees.(HT Archive)

SC rejects Andhra govt plea to defer local polls

By Utkarsh Anand, Hindustan Times, New Delhi
PUBLISHED ON JAN 26, 2021 03:10 AM IST
  • On January 8, state election commissioner N Ramesh Kumar released the schedule for elections to be held in four phases
Close
Farmers participate in a tractor rally to protest against the newly passed farm bills, on a highway on the outskirts of New Delhi (REUTERS)
Farmers participate in a tractor rally to protest against the newly passed farm bills, on a highway on the outskirts of New Delhi (REUTERS)

Stage set for mega tractor rally; Parliament march on Feb 1

By Zia Haq, Hindustan Times, New Delhi
PUBLISHED ON JAN 26, 2021 01:01 AM IST
  • The police say about 30,000 tractors are likely to participate in the rally, but farm leaders said the number of vehicles will be closer to 200,000.
Close
A SSB personnel on alert at Rajpath near India Gate on the eve of Republic Day, in New Delhi(Sanjeev Verma/ Hindustan Times)
A SSB personnel on alert at Rajpath near India Gate on the eve of Republic Day, in New Delhi(Sanjeev Verma/ Hindustan Times)

Republic Day 2021: List of police personnel who received gallantry medals

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON JAN 26, 2021 12:11 AM IST
  • The break-up of 946 police personnel who have been awarded medals on the occasion of the Republic Day, 2021.
Close
Prime Minister Narendra Modi addresses the Climate Adaptation summit in the Netherlands via video conferencing. (ANI)
Prime Minister Narendra Modi addresses the Climate Adaptation summit in the Netherlands via video conferencing. (ANI)

'Change lifestyle to adapt to climate change': PM Modi

By HT Correspondent, New Delhi
UPDATED ON JAN 25, 2021 11:59 PM IST
  • "We have promised ourselves that we will not just meet our Paris Agreement targets but exceed them...” PM Modi said.
Close
A note by the Lokayukta suggested “unpleasant circumstances” and “hostile environment” as the reason to quit forthwith but “upon dismissal of writ petition (by Nagaland government)” by the Supreme Court..(HT PHOTO)
A note by the Lokayukta suggested “unpleasant circumstances” and “hostile environment” as the reason to quit forthwith but “upon dismissal of writ petition (by Nagaland government)” by the Supreme Court..(HT PHOTO)

Willing to resign, Nagaland Lokayukta tells SC, seeks protection from state

By Abraham Thomas
PUBLISHED ON JAN 25, 2021 11:55 PM IST
  • The Nagaland government had come to the Supreme Court in exceptional circumstances for orders to restrain the sitting Lokayukta from hearing any case or exercising his powers or functions under the Nagaland Lokayukta Act, 2017.
Close
The chief minister said the state government was announcing the ex gratia in honour of the bravery shown by Col Santosh Babu while fighting the Chinese troops.(HT PHOTO.)
The chief minister said the state government was announcing the ex gratia in honour of the bravery shown by Col Santosh Babu while fighting the Chinese troops.(HT PHOTO.)

He deserved top medal: Col Santosh Babu's kin disappointed with Maha Vir Chakra

By Srinivasa Rao Apparasu | Edited by Sparshita Saxena, Hyderabad
UPDATED ON JAN 25, 2021 11:42 PM IST
  • His mother said she was not at all happy to receive the news that her son was conferred Maha Vir Chakra. “I expected the top medal, not this,” she said.
Close
Representative Photo(PTI )
Representative Photo(PTI )

Republic Day 2021: Govt announces gallantry award winners. Full list here

By hindustantimes.com | Edited by Amit Chaturvedi
PUBLISHED ON JAN 25, 2021 11:07 PM IST
The wartime Chakra series awards include highest Paramvir Chakra, Mahavir Chakra and Vir Chakra. The peacetime highest gallantry awards include Ashok Chakra, Kirti Chakra and Shaurya Chakra.
Close
President Ram Nath Kovind addresses to the nation on the eve of 72nd Republic Day, in New Delhi. (ANI Photo)
President Ram Nath Kovind addresses to the nation on the eve of 72nd Republic Day, in New Delhi. (ANI Photo)

'India foiled expansionist move in Ladakh': President's veiled dig at China 

ANI, New Delhi
PUBLISHED ON JAN 25, 2021 10:58 PM IST
The President said that soldiers of the armed forces ensure security of our national boundaries amid severest conditions including in Galwan Valley and Siachen.
Close
"Our national interest will be protected at all costs," the President declared in his address to the nation on the eve of the 72nd Republic Day.(ANI Photo)
"Our national interest will be protected at all costs," the President declared in his address to the nation on the eve of the 72nd Republic Day.(ANI Photo)

President Kovind says Indian armed forces 'adequately mobilised'

PTI, New Delhi
PUBLISHED ON JAN 25, 2021 10:57 PM IST
President Ram Nath Kovind's remarks came amid the nearly nine-month-long military standoff with China in eastern Ladakh.
Close
ITBP personnel during the full dress rehearsal for the upcoming Republic Day Parade, in New Delhi. (ANI)
ITBP personnel during the full dress rehearsal for the upcoming Republic Day Parade, in New Delhi. (ANI)

Attending Republic Day ceremony in Delhi compulsory, Govt tells officers

PUBLISHED ON JAN 25, 2021 10:57 PM IST
  • In a letter sent to all government ministries and departments Cabinet Secretary Rajiv Gauba warned "that serious view would be taken" against those who fail to attend the ceremony despite invitations
Close
Covid-19 vaccination at a government hospital.(AP)
Covid-19 vaccination at a government hospital.(AP)

Odisha meets over 92% of Covid-19 vaccination target, leads among all states

By Debabrata Mohanty | Edited by Sparshita Saxena, Bhubaneswar
UPDATED ON JAN 25, 2021 10:54 PM IST
  • Of the 1.92 lakh beneficiaries that were to be vaccinated till January 25, the state has covered 1.77 lakh.
Close
Former Assam chief minister Tarun Gogoi passed away on Monday.(Photo: INCIndia/ Twitter)
Former Assam chief minister Tarun Gogoi passed away on Monday.(Photo: INCIndia/ Twitter)

Republic Day 2021: Tarun Gogoi, Ram Vilas Paswan among 10 Padma Bhushan awardees

Written by Prashasti Singh
UPDATED ON JAN 25, 2021 10:55 PM IST
Prominent Shia preacher and scholar Shri Kalbe Sadiq was the third person to have received the award posthumously this year.
Close
A security personnel keeps vigil at Rajpath on the eve of the Republic Day parade, in New Delhi.(PTI)
A security personnel keeps vigil at Rajpath on the eve of the Republic Day parade, in New Delhi.(PTI)

Senior officers must attend R-Day event at Rajpath or face action: Govt

PTI
PUBLISHED ON JAN 25, 2021 10:48 PM IST
"You may suitably advise all officers of your ministry/ department, who are invited to the Republic day ceremony at Rajpath, to attend the function," the letter by Cabinet Secretary Rajiv Gauba said.
Close
President Ram Nath Kovind addresses to the nation on the eve of 72nd Republic Day, in New Delhi. (ANI Photo)
President Ram Nath Kovind addresses to the nation on the eve of 72nd Republic Day, in New Delhi. (ANI Photo)

Full text: President Ram Nath Kovind’s speech on eve of 72nd Republic Day

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON JAN 25, 2021 10:44 PM IST
Here’s the full text of President Kovind’s speech
Close
Karur: Congress leader Rahul Gandhi interacts with a woman at the 'Farmers Convention' at Vangal Marigoundan Palayam, during his election campaign for the forthcoming Tamil Nadu Assembly polls, in Karur, (PTI)
Karur: Congress leader Rahul Gandhi interacts with a woman at the 'Farmers Convention' at Vangal Marigoundan Palayam, during his election campaign for the forthcoming Tamil Nadu Assembly polls, in Karur, (PTI)

Rahul Gandhi wraps up Tamil Nadu campaign; attacks AIADMK, BJP

By Divya Chandrababu, Chennai
UPDATED ON JAN 25, 2021 10:30 PM IST
  • “The chief minister is corrupt so he’s being controlled by the prime minister,” said Gandhi during his roadshow in Karur district.
Close
SHARE
Story Saved
OPEN APP