India Ranks 57th in Structural, Pro-Competitive Reforms

New Delhi, Jul 30 (PTI) India has been ranked at 57th position, up 25 places, for taking structural and pro-competitive reforms during 2010-23, according to a report.

The report, released by Competere Foundation, assesses India's performance under its Market Distortions Performance Index, examining the country's reform trajectory between 2010 and 2023, and attributes the improvement to sustained efforts in reducing market distortions and strengthening competitiveness.


"India has advanced 25 places in the global rankings, from 82nd to 57th, reflecting significant progress in structural and pro-competitive reforms between 2010 and 2023," according to the report India's Next Growth Frontier: Reducing Anti-Competitive Market Distortions to Build on India's 2010-2023 Reform Progress.

It has highlighted reforms such as the implementation of the Goods and Services Tax (GST), the Insolvency and Bankruptcy Code (IBC), improvements in the regulatory environment and the modernisation of trade facilitation systems.

It also examines developments relating to competition, investment conditions, digital markets and external regulatory barriers affecting India's competitiveness and participation in international trade, the commerce ministry said in a statement on Thursday.