India improved its position from 82nd to 57th place in a global ranking on reducing anti-competitive market distortions

India improved its position from 82nd to 57th place in a global ranking on reducing anti-competitive market distortions

¨     India improved its position from 82nd to 57th place in a global ranking on reducing anti-competitive market distortions.

¨     The ranking was released on 30 July 2026 in the report titled “India’s Next Growth Frontier: Reducing Anti-Competitive Market Distortions to Build on India’s 2010–2023 Reform Progress.”

¨     The report placed India at 57th position in the Market Distortions Performance Index.

The index evaluated countries on three major pillars

¨     Protection of Property Rights

¨     Domestic Competition

¨     International Competition

The report attributed India’s improvement to structural and pro-competition reforms implemented during 2010–2023.These reforms included changes in taxation, insolvency resolution, regulation, and trade facilitation.The Goods and Services Tax (GST) is a destination-based indirect tax system introduced in India on 1 July 2017.The Insolvency and Bankruptcy Code (IBC), 2016 provides a time-bound framework for insolvency resolution and liquidation of corporate persons, partnership firms, and individuals.