India: Economic growth competiveness index

The Growth Competitiveness Index (GCI), aims to quantify the quality of the macroeconomic environment, the state of a countrys public institutions, and its level of technological readiness.

Higher competitiveness scores are more desirable:

• Very High 5.51 to 7
• High 4.51 to 5.50
• Moderate 3.51 to 4.50
• Low - 3.01 to 3.50
• Very Low 0 to 3.00

Source: World Economic Forum

India has just released the pilot issue of Residex (India�s house price index), covering five main cities, through the National Housing Bank (NHB). Since the Residex is new, its methodology is being revised every so often. Unfortunately, the Residex is not publicly available. General economics statistics are from the Reserve Bank of India.