·PIB

India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation

In this note
  1. At a Glance
  2. Why in the News
  3. Background & Evolution
  4. Core Static Facts
  5. Multi-Dimensional Analysis
  6. Recent Developments (last 12–18 months)
  7. Prelims Hooks
  8. Mains Relevance
  9. Related Topics to Study Next
  10. Common Errors / Trap Areas
Practice
11 questions on this item
Check the answer for each question, or reveal all at once.
Practice MCQs →

1. At a Glance

  • India's rank on the Market Distortions Performance Index (Competere Foundation) improved from 82nd to 57th — a jump of 25 places — over 2010–2023. [1]
  • Report: "India's Next Growth Frontier: Reducing Anti-Competitive Market Distortions to Build on India's 2010–2023 Reform Progress", released by the Competere Foundation. [1]
  • Relevant for Prelims (index/ranking-type current affairs) and Mains GS-III (economic reforms, market efficiency, competitiveness). [1]
  • Nodal ministry: Ministry of Commerce & Industry; report unveiled via PIB Delhi on 30 July 2026. [1]

2. Why in the News

  • PIB Delhi published a press release on 30 July 2026 announcing India's improved standing on the Competere Foundation's Market Distortions Performance Index, attributing the gain to sustained structural and pro-competitive reforms between 2010 and 2023. [1]

3. Background & Evolution

  • The index tracks a country's reform trajectory by measuring reduction in anti-competitive market distortions over a defined period (here, 2010–2023). [1]
  • The report frames 2010–2023 as India's reform baseline period and positions further distortion-reduction as India's "next growth frontier." [1]
  • Institutional platform: the report was released in association with CTIL (Centre for Trade and Investment Law), under the Ministry of Commerce & Industry ecosystem. [1]

4. Core Static Facts

Item Detail
Index name Market Distortions Performance Index [1]
Publishing body Competere Foundation [1]
Associated body CTIL (Centre for Trade and Investment Law) [1]
Report title India's Next Growth Frontier: Reducing Anti-Competitive Market Distortions to Build on India's 2010–2023 Reform Progress [1]
Rank change 82nd → 57th (up 25 places) [1]
Period assessed 2010–2023 [1]
Announcing ministry Ministry of Commerce & Industry [1]
Release date 30 July 2026 [1]
Publisher of press note PIB Delhi [1]

5. Multi-Dimensional Analysis

  • Economic: Higher ranking signals reduced market distortions (subsidies, price controls, entry barriers), which theoretically improves resource allocation, investment climate, and ease of doing business. [1]
  • Governance: Reflects a decade-plus of policy continuity in structural reform — relevant to India's broader "ease of doing business" and deregulation narrative. [1]
  • Geopolitical/Strategic: Positions India favourably in global trade and investment competitiveness discourse, relevant ahead of trade negotiations. [1]
  • Administrative: Ministry of Commerce & Industry's ownership of the announcement ties it to India's trade-policy and competition-policy institutional architecture (alongside CCI). [1]

6. Recent Developments (last 12–18 months)

  • 30 July 2026: PIB Delhi releases the announcement of India's improved Market Distortions Performance Index ranking (82→57), based on the Competere Foundation report. [1]

7. Prelims Hooks

  • India moved from 82nd to 57th rank — a gain of 25 places. [1]
  • Report: "India's Next Growth Frontier: Reducing Anti-Competitive Market Distortions to Build on India's 2010–2023 Reform Progress." [1]
  • Publishing organisation: Competere Foundation. [1]
  • Index used: Market Distortions Performance Index. [1]
  • Assessment period: 2010–2023. [1]
  • Associated institution: CTIL (Centre for Trade and Investment Law). [1]
  • Announcing ministry: Ministry of Commerce & Industry (not NITI Aayog or DPIIT alone). [1]
  • Press release date: 30 July 2026, via PIB Delhi. [1]

8. Mains Relevance

9. Related Topics to Study Next

  • Ease of Doing Business rankings (World Bank, discontinued) — comparable structural-reform benchmarking exercise. [1]
  • Competition Commission of India (CCI) — domestic competition-policy enforcer, complements market-distortion reduction. [1]
  • DPIIT reforms & industrial delicensing — historical driver of reduced market distortions since 1991/2010s. [1]
  • Global Innovation Index / Global Competitiveness Index — allied ranking exercises often confused with this one. [1]
  • WTO Trade Policy Reviews of India — external assessment of India's trade distortions. [1]
  • PLI Schemes and subsidy rationalisation — current policy tools affecting market distortion metrics. [1]

10. Common Errors / Trap Areas

  • Confusing Market Distortions Performance Index (Competere Foundation) with the Global Competitiveness Index or Ease of Doing Business Index — different publishers, different methodologies. [1]
  • Misattributing the announcing ministry to NITI Aayog instead of Ministry of Commerce & Industry. [1]
  • Confusing CTIL (Centre for Trade and Investment Law) with CCI (Competition Commission of India) — CTIL is an academic/policy body under IIFT, not a regulator. [1]
  • Assuming the assessment period is "last 5 years" — it is specifically 2010–2023. [1]

Sources

  1. 1Press Release Page | Press Information Bureau, Ministry of Commerce & Industrypib.gov.in · tier 1
At the end · practice MCQs
11 questions on this item
Check the answer for each question, or reveal all at once.
Practice MCQs →

Mains Q&A on this note

Also on 30 July

All 30 July articles →