Key structural achievements highlighted within the report included the rollout of the Goods and Services Tax.
India advanced twenty five places in global economic rankings to secure fifty seventh position on the Market Distortions Performance Index, according to a report released by the Competere Foundation. The assessment evaluated structural and competitive policy reforms implemented between 2010 and 2023 across international markets.
The study credited India's substantial rise from eighty second place to sustained government initiatives aimed at curbing market distortions while enhancing national competitiveness. Researchers emphasized that consistent legislative progress and regulatory modernization over fourteen years lowered operational barriers for domestic businesses and foreign investors alike.
Key structural achievements highlighted within the report included the rollout of the Goods and Services Tax, alongside the Insolvency and Bankruptcy Code. Modernization of trade facilitation systems and regulatory environment improvements were also cited as major factors that streamlined market processes across all economic sectors.
The Ministry of Commerce and Industry noted that the study analyzed digital market structures, investment climate, and external regulatory obstacles. These elements directly influence national competitiveness and shape India's active participation in global commercial networks, reflecting steady progress in creating highly transparent economic ecosystems today.
The findings underscore how sustained policy measures have successfully reshaped India's market landscape over the past decade. Government authorities emphasized that ongoing regulatory refinements will continue driving productivity, reducing systemic trade barriers, and fostering long term international economic integration across major global trade channels.