India Rises 25 Places in Reform Rankings
Analysis based on 7 articles · First reported Jul 30, 2026 · Last updated Jul 30, 2026
The report highlights India's improved competitiveness, which may boost investor confidence and attract foreign investment. However, the identified remaining distortions suggest that further reforms are needed to sustain growth, potentially influencing policy direction.
India climbed from 82nd to 57th in the Competere Foundation's Market Distortions Performance Index between 2010 and 2023, reflecting progress in structural and pro-competitive reforms. The improvement is attributed to measures such as the Goods and Services Tax (GST), the Insolvency and Bankruptcy Code (IBC), regulatory improvements, and trade facilitation modernization. The report, titled 'India's Next Growth Frontier: Reducing Anti-Competitive Market Distortions to Build on India's 2010-2023 Reform Progress,' was released during a discussion organized by the Centre for Trade and Investment Law (CTIL) at the Indian Institute of Foreign Trade (IIFT) in collaboration with the Competere Foundation. The event featured remarks by Dr. James J. Nedumpara, a presentation by Shanker Singham, and a keynote address by Sudhanshu Pandey. The report estimates that remaining market distortions cost about USD 173.6 billion over five years and recommends further reforms in foreign investment and digital competition.
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