India has improved from 82nd in 2010 to 57th in 2023 in global structural and pro-competitive reform rankings, reflecting sustained policy reforms that have strengthened competition, investment, and economic competitiveness.

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• The Competere Foundation report, India’s Next Growth Frontier, states that India climbed 25 places, improving from 82nd in 2010 to 57th in 2023 in global structural reform rankings.
• The assessment is based on the Market Distortions Performance Index, which evaluates economies across property rights protection, domestic competition, and international competition to measure reform progress.
• The report credits major reforms, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements, and trade facilitation modernisation for enhancing India’s competitive business environment.
• According to the report, India has strengthened investment conditions, promoted market competition, improved digital markets, and reduced regulatory barriers affecting international trade and investment.
• The report was released during a policy discussion organised by the Centre for Trade and Investment Law at the Indian Institute of Foreign Trade, bringing together policymakers, industry representatives, legal experts, and academicians.
• Researchers recommended adopting an evidence-based, consumer-focused competition policy, reviewing sector-specific investment restrictions, and expanding cooperation with trusted trading partners to improve market access.
• The findings highlight that continued structural reforms can enhance productivity, attract greater investment, strengthen global value chain integration, and improve India’s long-term economic competitiveness.
• The report concludes that sustained policy reforms will support India’s ambition of becoming a leading global economy by creating a more transparent, competitive, and investment-friendly business environment.