Thursday, 20 May 2010

India slips in the World Competitiveness Index

Only from the 30th position to the 31st position, it is true.

But that indicates that while we tinker with minor adjustments and think we are making good progress, the rest of the world is moving faster and actually overtaking us - even if ever so slightly.

Given the way that economics and finance are constructed around the world at present, there are only winners and losers.

India is winning at a few things (e.g. IT). But we seem to be unaware that our competitive advantage even in IT is under threat.

And we are still doing too little to improve our global competitiveness.

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