India Rises from 82nd to 57th Global Rank in Pro-Competitive Reforms

Exam-focused facts from the 1 August 2026 current affairs briefing.

Key facts

India improved its global rank from 82nd to 57th in structural and pro-competitive reforms between 2010 and 2023, advancing 25 places, according to a report by the Competere Foundation.
The report, titled 'India's Next Growth Frontier: Reducing Anti-Competitive Market Distortions to Build on India's 2010–2023 Reform Progress', assesses India's performance under the Market Distortions Performance Index.
The evaluation covers three pillars: property rights protection, domestic competition, and international competition.
Key reforms highlighted include the implementation of the Goods and Services Tax (GST), the Insolvency and Bankruptcy Code (IBC), improvements in the regulatory environment, and modernization of trade facilitation systems.