Statement 1: According to the IFC/World Bank Doing Business Report 2009 (published in September 2008), India was ranked 180th out of 181 economies on the ease of enforcing contracts. While this indicates extreme difficulty and was among the most difficult, it was not the most difficult; Eritrea was ranked 181st. Thus, the statement "most difficult country" is technically incorrect. Statement 2: According to the UNIDO Competitive Industrial Performance (CIP) Index report 2009 (using data up to 2007), China ranked significantly higher than India in terms of competitive industrial performance. China was among the top performers, while India was much lower down the list. Therefore, the statement that India is ahead of China is incorrect.
Consider the following statements: According to IFC/World Bank Doing Business Report, 2009 India is the most difficult country to enforce contracts in a court of otherwise. According to the UNIDO Report, 2009 in the Competitive Industrial Performance Index India is ahead of China. Which of the statements given above is/are correct ?
Asked in UPSC CAPF 2009 · Topic: Industrial Sector (Industrial Competitiveness, Productivity, and Global Value Chains)
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