IMD World Competitiveness Booklet 2023

India Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

New Delhi

3.287 2022 78,604 2022

37

Exchange rate (per $)

40

Population - market size (millions) 2022 02 Gross Domestic Product (GDP) (US$ billions) 3.460,8 2022 05 GDP (PPP) per capita (US$) 8.282 2022 63 Real GDP growth (%) 7,0 2022 08 Consumer price inflation (%) 6,67 2022 21 Unemployment rate (%) 7,56 2022 52 Labor force (millions) 616,25 2022 02 Current account balance (% of GDP) -3,48 2022 45 Direct investment stocks inward ($bn) 514,3 2021 18 Direct investment flows inward (% of GDP) 1,42 2021 47 1.408,58

43

43

43

CHALLENGES IN 2023

Maintaining high GDP growth.

• • • •

Coping with financial market volatility. Controlling inflation and fiscal deficit. Accelerate digital transformation.

• Mobilize resources for infrastructure development.

PROVIDED BY: National Productivity Council, New Delhi

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

6

12

23

27

27

32 31

34

35 30

39

39 38

44

51 48 43

52

62 60

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

15

11

16

12

12

12

12

17

17

17

80 Competitiveness Country Profiles