Letters: Looking beyond the average

Image
Business Standard New Delhi
Last Updated : Sep 15 2014 | 9:41 PM IST
This refers to Madan Sabnavis' article "Global Competitiveness Report 2014-15: We can improve if we want to" (September 15). Some other conclusions also arise from the data he has used. One, the difference between India's performance parameters and the world average scores is quite close in many of them, showing that we are only marginally better and will, therefore, need persistent efforts to reach to the top position.

Two, in areas where we have done better than the average scores of 144 nations, the average of many parameters is close to 3.5, the mid-point of the 7-point scale indicating that the differences among participating nations are more or less evenly distributed. As such, even with incremental but steady improvement in these areas, India can better its current ranking.

Three, the averages in respect of lagging parameters are positively skewed (between 4 and 5) needing greater effort on our part to change for the better, particularly in areas such as bribes, quality of infrastructure, power supply and bank soundness since here our average is markedly lower than that of the corresponding world average. Lastly, while we have done well on innovation and sophistication, we should also note that among the BRIC countries we are at the bottom (rank 71) while China tops with 28 and Brazil next lowest at 57, fourteen ranks ahead of us.

Y G Chouksey Pune

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 15 2014 | 9:03 PM IST

Next Story