India In Focus - INDIAN ECONOMY: OVERVIEW, GROWTH and DEVELOPMENT - India moves up to 43rd in competitiveness; Singapore tops chart.

India has moved up one place to rank 43rd most competitive economy in the world on the back of its robust economic growth, a large labour force and its huge market size, while Singapore has toppled the US to grab the top position, a global study showed. Singapore has moved up to the top, from the third position last year, while the US has slipped to the third place in the 2019 edition of the IMD World Competitiveness Rankings.

Hong Kong SAR has held onto its second place, helped by a benign tax and business policy environment and access to business finance. Economists regard competitiveness as vital for the long-term...