India improved its position in the Market Distortions Performance Index from which rank to which rank?

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The correct answer is Option B: 82nd to 57th. India improved from 82nd to 57th position in the Market Distortions Performance Index, reflecting progress in reducing anti-competitive market distortions. The index evaluates countries on three pillars: property rights protection, domestic competition, and international competition. India's improved ranking is attributed to structural and pro-competition reforms implemented during 2010–2023. The Goods and Services Tax (GST), introduced on 1 July 2017, is a destination-based indirect tax that unified multiple indirect taxes. The Insolvency and Bankruptcy Code (IBC), 2016 established a time-bound insolvency resolution framework for companies, partnership firms, and individuals. The Insolvency and Bankruptcy Board of India (IBBI) was created under the IBC, 2016 as the country's insolvency regulator. India's competition policy is governed by the Competition Act, 2002 and enforced by the Competition Commission of India (CCI). The Centre for Trade and Investment Law (CTIL) functions under the Indian Institute of Foreign Trade (IIFT), while the Competere Foundation conducts research on competition policy.

TodaySprint · Answer

82nd to 72nd

TodaySprint · Answer

72nd to 57th

TodaySprint · Answer

57th to 51st

TodaySprint · Answer

79th to 52nd

India improved its position in the Market Distortions Performance Index from which rank to which rank?

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India improved its position in the Market Distortions Performance Index from which rank to which rank?

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