The World Economic Forum has issued a Global Competitiveness Report and after five years of decline, India jumps 16 ranks to 55th place. This dramatic reversal is largely attributable to the momentum initiated by the election of Narendra Modi, whose pro-business, pro-growth and anti-corruption stance has improved the business community's sentiment towards the government. Gaurang Shah, Senior Vice President of Geojit BNP Paribas explains:
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