Revised: 15.3.2015

We see a strong sense of pride in India today.

So, I don't wonder when I see the social media postings about "It happens only in India!"

Now and then we read news stories of individuals achieving great feats, in spite of all barriers. A flurry of likes and shares on Facebook begins.

The comments if translated into an emotional equivalent says:

"Way to go India! Let's conquer the world!"

But let us take out the patriotic blinkers and have a look at the reality. We will soon realize, it's a race and there are many more countries competing with us. We might be faster than before, but not fast enough! In comparison to others we are getting back.

As per the World Economic Forum's Global Competitiveness Index:

It's no sign of a world leader!

Earlier we got ahead of countries like Brazil but now we are trailing them, even when they are falling themselves..

We are fond of comparing ourselves with the Chinese economy. They are at rank 28. Which is 41 ranks ahead of us. A huge difference.

In the survey countries are divided into various stages. We are in the 'factor' driven economy. The lowest category. We have to do a lot to increase our productivity as well as innovation efforts to get to the next level. 

Now there are 2 choices:

1: Some of us can outright discard these surveys.

Because it really looks like a paradox. We see so much energy in our youths. Entrepreneurial spirit is high. And yet we are lagging behind.

2: Let's take it as an indicator, get our act together and make the most of our resources.

What you suggest?

Links: For an in depth study here is the completer report for you -
http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2014-15.pdf