August 3- Competere Foundation presented a groundbreaking new study “India’s Next Growth Frontier” to an event organized by the Centre for Trade and Investment Law (CTIL) of the Indian Institute of Foreign Trade (IIFT) along with the Competere Foundation in New Delhi on July 29.The event was entitled “India’s Reform Trajectory, Market Distortions and the Next Frontier for Growth and Competitiveness” and was keynoted by State Election Commissioner of the Union Territory of Ladakh and Former Secretary, Government of India, Shri Sudhanshu Pandey.
Shanker Singham, President of the Competere Foundation presented the report to the event (see picture below).
The event coverage highlighted the excitement generated by the report’s findings that India has improved its score in the Market Distortions Performance Index (MDPI) between 2010 and 2023, going from 82nd to 57th place. The MDPI is expected to be formally launched in the first quarter of 2027.
Other coverage also referenced the continuing effort need by India to improve its competitiveness. The Financial Express reported: “….The report said that the next phase of economic growth will depend on addressing the distortions that continue to restrict competition and investment. For instance, sectoral foreign direct investment (FDI) caps, government approval routes, and restrictions on business models in sectors such as retail, e-commerce, media, defence, banking and aviation continue to pose as barriers that reduce market contestability and investment.”
The Ministry of Commerce and Industry, through the Indian Press Information Bureau, issued an extensive report on the event and posted the new report as well. The coverage extended to dozens of financial and other news sites, and into social media like Instagram.
Following the event, Foundation Chairman Singham also conducted media interviews, including with the Financial Express.