AN ASSESSMENT OF COMPETITIVENESS IN INDIA AND IRAN

Abstract

Competitiveness is an indicator of a nation's productivity and people’s standard of living. It is in this context that the Global Competitiveness Report of the World Economic Forum serves as a useful data base for the purpose of examining and understanding the competitiveness of India and Iran economies on a broad set of micro economic and macroeconomic indicators. Assuming that the competitiveness reflects the strength of micro economic environment of any nation, it is an essential parameter for an improved macro economy. The objective of this paper is to assess the competitiveness of India and Iran economies using Global Competitive Reports and proving that Iran has performed better than India in indicators like Infrastructure, Macroeconomic environment and Health &Primary Education whereas India has performed better in other indicators like Good Market efficiency, Financial Market Development, Technology readiness, Market size, Business sophistication and Innovation during the study period.