India fell 3 rungs to finish 40th but is still in a better position than it was between 2019-2021 when it was placed 43rd three years in a row. Based on the IMD report, the country improved in government efficiency but fared slightly poorer than other countries in business efficiency, infrastructure, and economic performance. Specifically, the top three measures that helped India in its score are exchange rate stability, compensation levels and improvements in pollution control.
