IN

COUNTRYPROFILE INDIA

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IMD World Competitiveness Yearbook, Talent & Digital 2020: summaries

WORLD COMPETITIVENESSRANKING 2020

All data are available from theWorld Competitiveness Online.

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BASIC FACTSCapital

Land area (square km '000) 3,2872019

Exchange Rate (per $) 70.4202019

Population - market size (millions) 1,369.002019 2

Gross Domestic Product (GDP) (US$ billions) 2,894.72019 5

GDP (PPP) per capita (US$) 8,0672019 62

Real GDP growth (%) 4.22019 10

Consumer price inflation (%) 4.542019 57

Unemployment rate (%) 6.372018 42

Labor force (millions) 583.792019 2

Current account balance (% of GDP) -0.912019 44

Direct investment stocks inward ($bn) 386.42018 19

Direct investment flows inward (% of GDP) 1.752019 40

PEER GROUPS RANKINGSASIA - PACIFIC (14 countries) POPULATIONS > 20 MILLION (29 countries)

COMPETITIVENESS TRENDS - OVERALL

INDIAOVERALL PERFORMANCE (63 countries) Rank

New Delhi

CHALLENGES IN 2020Balancing fiscal deficit, economic growth & employment

generation.

National Productivity Council, New Delhi

COMPETITIVENESS LANDSCAPE

4145 44 43 43

2016 2017 2018 2019 2020

17

3531

4551 51

32

45 4756

39

12

30

49

25

49

30 27

6157

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Pric

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Tax

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Inst

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Busi

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Leg

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Soci

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Fra

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Prod

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Effi

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Labo

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Man

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Prac

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Att

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Tech

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Scie

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Educ

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Economic Performance Government Efficiency Business Efficiency Infrastructure

11

1312 12 12

2016 2017 2018 2019 2020

17

1918

17 17

2016 2017 2018 2019 2020

• Balancing fiscal deficit, economic growth & employment generation.

• Ensuring basic necessities for vulnerable & disadvantaged population.

• Minimizing Covid-19 impact on economy and society.• Addressing labour issues to reboot economy post lockdown.• Resource mobilization for infrastructural development.

Provided by:National Productivity Council, New Delhi

IMPROVEMENTSWCY 2019

WCY 2020 DECLINES

WCY 2019

3.2.14 Labor force long-term growth 0.72 1.39 2.3.08 Exchange rate stability 0.037

1.4.04 Employment - long-term growth 0.72 1.39 4.1.07 Population - growth 1.64

1.2.02 Current account balance -2.46 -0.91 1.1.14 Real GDP growth 7.0

4.2.16 High-tech exports (%) 7.01 9.01 1.1.15 Real GDP growth per capita 5.26

2.4.12 New business density 0.1 0.1 3.2.01 Compensation levels 1.78

4.5.04 Total public exp. on education per student 310 367 1.5.01 Consumer price inflation 3.48

1.2.12 Exports of commercial services ($bn) 183.36 213.73 2.2.09 Consumption tax rate 15.00

2.3.07 Foreign currency reserves per capita 292 336 2.2.01 Collected total tax revenues 15.83

2.5.04 Risk of political instability 5.82 6.69 2.4.14 Start-up days 16.0

4.4.23 Environment-related technologies 1.22 1.36 2.2.12 Real personal taxes 6.40

4.3.18 Number of patents in force 3.1 3.5 1.1.19 Resilience of the economy 6.70

4.4.12 Energy intensity 250 225 1.5.04 Office rent 679

3.1.01 Overall productivity (PPP) 18,529 20,127 1.3.13 Relocation threats of business 5.98

3.3.17 Venture capital 5.36 5.81 2.4.07 Government subsidies 1.39

3.1.03 Labor productivity (PPP) 8.75 9.49 2.4.10 Competition legislation 5.89

COMPETITIVENESS EVOLUTION & ATTRACTIVENESS INDICATORS

INDIACOMPETITIVENESS EVOLUTION

0.077

2.32

4.54

18.00

18.51

18.0

5.73

1.48

The criteria below highlight the 15 biggest Improvements and the 15 biggest Declines in the overall performance of the economy. They are

determined by the largest percentage changes in the value of each criterion from one yearbook to the next.

WCY 2020

5.51

KEY ATTRACTIVENESS INDICATORSFrom a list of 15 indicators, respondents of the Executive Opinion Survey were asked to select 5 that they perceived as the key

attractiveness factors of their economy. The chart shows the percentage of responses per indicator from the highest number of responses

to the lowest.

0.96

4.2

3.23

6.08

729

5.56

9.3%12.7%15.3%16.1%16.1%16.1%19.5%22.9%26.3%32.2%39.0%51.7%55.1%69.5%71.2%

0% 10% 20% 30% 40% 50% 60% 70% 80%

Reliable infrastructureEffective legal environment

Effective labor relationsCompetency of government

Competitive tax regimeStrong R&D cultureAccess to financing

Quality of corporate governanceBusiness-friendly environmentPolicy stability & predictability

Open and positive attitudesHigh educational level

Dynamism of the economyCost competitiveness

Skilled workforce

WORLD COMPETITIVENESSDIGITAL RANKING 2020

All data are available from theWorld Competitiveness Online.

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Alpha AlphaLabelBeta BetaLabel Gamma GammaLabel1 2 2 2 2 2 24 4 4 2 2

6.5 4 4 2 28.5 4 4 2 211 4 4 2 2

2016 2017 2018 2019 2020

53 51 48 44 48

39 37 46 38 39

57 59 53 49 50

54 51 48 46 56

OVERALL

Future readiness

PEER GROUPS RANKINGS

ASIA - PACIFIC (14 countries) POPULATIONS > 20 MILLION (29 countries)

COMPETITIVENESS & DIGITAL RANKINGS

Technology

DIGITAL TRENDS - OVERALL

INDIA

OVERALL PERFORMANCE (63 countries)

OVERALL & FACTORS - 5 years

Knowledge

53 51 48 44 4841

45 44 43 43

2016 2017 2018 2019 2020

Digital

Competitiveness

12 1211 11 11

2016 2017 2018 2019 2020

21 21

18 18 19

2016 2017 2018 2019 2020

39 41 51 29

50 53 7 6248

56 55 52 55

Knowledge Talent Training & education Scientific concentration

Technology Regulatory framework Capital Technological framework

Future readiness Adaptive attitudes Business agility IT integrationThe direction of the triangle indicates the performance change from the last year: improved or stabledeclined

Overall Factors Sub-Factors

N.B. This graph provides only a comparison of the country’s performance in the two rankings.

u Overall top strengths

w Overall top weaknesses

Subfactors 2016 2017 2018 2019 202038 43 43 38 41

56 57 59 47 51

21 6 26 28 29

Talent Rank Rank Rank

Educational assessment PISA - Math - 44 47 International experience 41 34 55 Foreign highly-skilled personnel 46 59 - Management of cities 54 55 u 2 Digital/Technological skills 22 u 6 - Net flow of international students 42 - 39 20

Subfactors 2016 2017 2018 2019 202056 59 56 55 53

30 28 3 3 7

61 63 62 62 62

Regulatory framework Rank Rank Rank

Starting a business 57 u 13 36w Enforcing contracts 62 33 w 60 Immigration laws 25 30 w 63 Development & application of tech. 31 49 w 63 Scientific research legislation 33 22 57 Intellectual property rights 48 u 1 42

Subfactors 2016 2017 2018 2019 202057 59 54 54 55

35 29 33 29 52

54 56 56 56 55

Adaptive attitudes Rank Rank Rank

E-Participation 28 34 59 Internet retailing 56 u 12 31w Tablet possession 60 35 38 Smartphone possession 53 32 48 Attitudes toward globalization 22 47 54

Training & education Scientific concentration

Talent

Robots in Education and R&D

IT integration

Business agility IT integration

Scientific concentration

Capital Technological framework

TECHNOLOGY

Technological framework

FACTORS BREAKDOWN - STRENGTHS AND WEAKNESSES

INDIA

FUTURE READINESS

Opportunities and threats E-GovernmentWorld robots distribution Public-private partnerships

IT & media stock market capitalization Communications technology

Regulatory framework

Capital

KNOWLEDGE

Entrepreneurial fear of failure

Agility of companies Cyber securityUse of big data and analytics Software piracyKnowledge transfer

Adaptive attitudes

Business agility

Venture capital Internet bandwidth speedInvestment in Telecommunications High-tech exports (%)

Funding for technological development Mobile Broadband subscribersBanking and financial services Wireless broadbandCountry credit rating Internet users

Training & education

Employee training Total expenditure on R&D (%)Total public expenditure on education Total R&D personnel per capitaHigher education achievement Female researchersPupil-teacher ratio (tertiary education) R&D productivity by publicationGraduates in Sciences Scientific and technical employmentWomen with degrees High-tech patent grants

WORLD TALENTRANKING 2020

All data are available from theWorld Competitiveness Online.

Visit our eShop

Alpha AlphaLabel Beta BetaLabel Gamma GammaLabel1 2 2 2 2 2 24 4 4 2 2

Value

4.4 % 35w 332 US$ 62w 36.66 ratio 62w 28.52 ratio 62 4.99 Survey [0..10] 35 5.46 Survey [0..10] 44 - % - 4.71 Survey [0..10] 45

Value

82.90 index 37 6.59 Survey [0..10] 37 5.73 Survey [0..10] 39 4.91 Survey [0..10] 34 4.74 Survey [0..10] 52 4.62 Survey [0..10] 46 6,508 US$ 57 104,387 US$ 45u 11.14 % 16 5.68 Survey [0..10] 34w 90.25 micrograms 61

Value

u 1.82 % 14u 6.25 Survey [0..10] 22u 6.78 Survey [0..10] 25 5.39 Survey [0..10] 41 5.88 Survey [0..10] 30 5.66 Survey [0..10] 41u 32.65 % 6 5.51 Survey [0..10] 45 6.42 Survey [0..10] 35 6.94 Survey [0..10] 27w 0.03 number 60 - Average -

Investment & Development 2020 Rank

Health infrastructure meets the needs of society

2020 Rank

Total public expenditure on education Percentage of GDP

ApprenticeshipsEmployee training is a high priority in companies

Readiness 2020 Rank

Educational assessment - PISA PISA survey of 15-year olds

Appeal

Exposure to particle pollution Mean population exposure to PM2.5, Micrograms per cubic metre

Labor force growth Percentage change

Index of a basket of goods & services in the main city, including housing (New York City = 100)

Skilled labor is readily available

Cost-of-living index

Female labor force Percentage of total labor force

Pupil-teacher ratio (secondary education) Ratio of students to teaching staff

are sufficiently implemented

Total public exp. on education per student Spending per enrolled pupil/student, all levels

Pupil-teacher ratio (primary education) Ratio of students to teaching staff

Management education meets the needs of the business community

Language skills are meeting the needs of enterprises

Student mobility inbound Foreign tertiary-level students per 1000 inhabitants

Primary and secondary education meets the needs of a competitive economy

Graduates in Sciences % of graduates in ICT, Engineering, Math & Natural Sciences

University education meets the needs of a competitive economy

Finance skills are readily available

International experience of senior managers is generally significant

Competent senior managers are readily available

Justice is fairly administered

Gross annual income including supplements such as bonuses, US$

Remuneration of management Total base salary plus bonuses and long-term incentives, US$

Effective personal income tax rate Percentage of an income equal to GDP per capita

Attracting and retaining talents is a priority in companies

Worker motivation in companies is high

Brain drain (well-educated and skilled people) does not hinder competitiveness in your economy

Quality of life is high

Foreign highly-skilled personnel are attracted to your country's business environment

Remuneration in services professions

OVERALL PERFORMANCE (63 countries)

IMD World Talent Ranking 2020

INDIA

54

5153

59

6260

62 63 63 63

4143 44

5755

28 29 30

25 25

2016 2017 2018 2019 2020

Overall

Investment &Development

Appeal

Readiness

63

5562

25

Investment & Development

Appeal

Readiness

The direction of the triangle indicates the performance change from the last year: improved or stabledeclined

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IMD WORLDTALENTRANKING 2020

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