The World Economic Forum's Business Competitiveness Index (BCI) ranks India on the 30th spot, much ahead of China, in a list of 103 countries.

India ranks 55th in the WEF's Global Competitive Index (Click here to see story, table) .

From a list of 14 factors, respondents of the World Economic Forum's Executive Opinion Survey 2004 were asked to select the five most problematic factors for doing business in their country and to rank them between 1 (most problematic) and 5 (least problematic).

India, a low-income country, has shown large improvements rising 8 ranks. This reflects the benefits of increased company sophistication and strengthened clusters.

The top 30 in the list are: The United States, Finland, Germany, Sweden, Switzerland, the United Kingdom, Denmark, Japan, Netherlands, Singapore, Hong Kong SAR, France, Australia, Belgium, Canada, Austria, Taiwan, New Zealand, Iceland, Norway, Israel, Ireland, Malaysia, Korea, South Africa, Spain, Estonia, United Arab Emirates, Chile, India.

India and the World Economic Forum: Complete Coverage

Also see: 10 Great Reasons to Invest in India