Singapore replaces US for top spot on global competitiveness index; India ranks 68th

Tumbling 10 spots, India has ranked 68th on an annual global competitiveness index, while Singapore has replaced the US as the world's most competitive economy. According to the Geneva-based World Economic Forum (WEF), India is ranked high at 15th place in terms of corporate governance, while it is ranked second globally for shareholder governance. In terms of the market size, India is ranked third, while it has got the same rank for renewable energy regulation.

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