Monday, September 20, 2010

India's Performance appraisal

Don't you think India needs a report card of some sort to measures its national performance year on year. My attempt is not to create a scorecard for the lack of one, but specifically to identify gaps, and highlight areas of improvement when it comes to global competitiveness.
To do that, what I do is select the largest economies in terms of GDP as measured by purchasing power parity.  Not surprising, India gets auto selected as the fourth largest economy after the US, China, and Japan. Each of these countries are at different levels of global competitiveness, we'll soon see why.

Figure 1: Baselining the World's Largest Economies on important parameters for Global Competitiveness

Competitiveness in the context of nations is the  ability of a nation to achieve overall levels of productivity that can sustain a rising standard of living in a complex global economy. It defines the ability to produce and sell competitive goods or services. Competitiveness is a comparative concept of the ability and performance of a nation to sell and supply goods and services in a given market at an advantage. Competitiveness is an external benchmark. In the next few posts, I will be looking at India's competitiveness with respect to the largest global economies namely the US, China & Japan. For starters, in figure 1, I compare some basic but important parameters that we will keep refering back. We will compare data as they become available from time to time so stay tuned. And well... if you have a suggestion, don't hesitate to drop me a line or post a comment.

See other performance stats here

First Posted on September 15, 2010
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