In the Grant Thornton Global Dynamism Index (GDI), India was ranked at the 34th place out of 60 in “business growth environment”registering a gain of 14 places, since the last version of the index shows an indication of PM Narendra Modi’s attempt to boost the economy.
(Singapore ranked top followed by Israel at 2nd and Australia at 3rd rank)
India ranked 53rd out of 60 in the GDI in “business operating environment” because of poor regulatory environment and a lack of investment in science and technology dragged down India’s overall ranking.
- India scores high on economic situation and growth with overall ranking 2nd
- Also scored good in availability of labour and human capital with 15th rank
- Very poor results on financing environment with 36th ranking.
- Science and technology also take its ranking down to 41st
- Lowest on business operating environment ranked at 53rd position
About Grant Thornton Global Dynamism Index (GDI)
The Grant Thornton Global Dynamism Index (GDI) is an annual research project designed by the Economist Intelligence Unit and commissioned by Grant Thornton, which ranks the development of the business growth environments of 60 of the world’s largest economies over the past 12 months.
With the aim of improving the country ranking, both in terms of business growth environments and business operating environment, the Indian government is taking all possible measures.