India ranks 41 in UNIDO report over industrial competitiveness

According to United Nations Industrial Development Orgnisation (UNIDO) report India is lagging behind 40 other countries in industrial competitiveness. India has achieved 41st rank out of 100 different economies of the world. In the top 15 countries achieved pace are Ireland, Switzerland, Japan, Belgium, Sweden, Finland, Germany, Korea, Taiwan Province of China, France, the US, Hong Kong, Austria, Slovenia. However, Singapore is on the top of the list, according to media reports.

In the race of industrial development, Pakistan has ranked at 55 and Bangladesh and Sri Lanka rank at 65 and 75 respectively. Comparing their development India is in better position than the neighbors. The index measures the competitive performance of countries in terms of their ability to produce goods competitively, keeping abreast with changing technologies as well as the intensity of industrialisation, which is the share of manufacturing value added in GDP.