In an annual report published by the World Economic Forum and INSEAD, which ranks countries in terms of global information and communication technologies (ICT) according to latest series of Networked Readiness Index; India ranked 69 this year. This is a further slip from its 43rd position in 2011.
The report that examined 142 developed and developing nations in terms of their ability to leverage advances in ICT’s to drive economic productivity and social development, saw China almost 20 ranks ahead of India, at 51.
The report underlines that overall India delivers a very mixed performance with encouraging results in few areas and a lot of room for improvement in the political and regulatory environment. It also showed the need to improve in areas of business and innovation environment, in which the nation was rated 71 and 91 respectively.
Referring to the long procedures of paper work that needs to be completed before starting any business processes in India, the report highl