Wednesday, September 28, 2016
India jumps 16 spots in World Competitive Index for second year in row
India has risen rapidly among all countries in the global competitive stakes by climbing 16 notches to the 39th position during the past year in the WEF’s Global Competitiveness Index.
According to the World Economic Forum’s (WEF) latest Global Competitiveness Report for 2016-17 this marks the biggest scale of improvement in competitiveness among all countries and is the second year in a row India has gone up 16 ranks in the WEF index.
This is what I mean when I say I like to invest in places that go from bad to less bad. In India's case things have went from bad to great.
This is why I like Fairfax India Holdings long term.