On the index, India has a score of 4.52 while that of Switzerland is 5.81
The overall rank has been propped by the third criteria of innovation and sophistication, which have ranks of 59 and 57 respectively.
The annual list, released on Wednesday by Geneva-based World Economic Forum, comes at a time when the new Indian government has completed 100 days in power and has promised further steps to revive its economy and the ease of doing business in the country.
India and South Africa on Friday agreed to deepen engagement in key areas of defence production, manufacturing, mining and minerals and combating terrorism.
Union Minister of Finance Arun Jaitley's opined, in an article made public on his Facebook page, about the economic reforms in India's future and the potential opportunities in the nation's financial future.
China on Monday said Indian Prime Minister Manmohan Singh's three-day visit from Tuesday is of great importance for deepening strategic partnership amid expectations that the two sides would sign some key pacts, including one to prevent incursions along the LAC.
India Inc has too much on its plate to ensure double digit growth in FY16.
Finance Minister Arun Jaitley who is in Davos to showcase India as an investment destination at the World Economic Forum (WEF), on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.
Chinese President Xi Jinping's visit to India is a time for the two countries to get away from the haze of rhetoric and stale euphoria, says Sana Hashmi.
The agreement came in after the Ruias agreed to clear most of the Rs 26,000-crore dues to the lenders on completion of the transaction.
Swamy said Prime Minister Narendra Modi should convene a conference of "insiders" to draw up a new policy especially after the recent Lakhvi episode.
'That the two sides allowed such a situation to arise exposed the level of inaction and inefficiency in China-India border management.' 'The Modi-Xi meeting in Xiamen initiated a process to to avert such contingencies in the future.'
Jaitley said he is meeting the existing investors and potential investors, those who are looking at India, those who are looking to expand.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
Outlining eight "pillars" for the future of India-China relations, President Pranab Mukherjee on Wednesday underlined the need for comprehensively resolving challenges including the boundary question through "political acumen" and "civilisational wisdom".
Pakistan's prime minister is trying to use the unrest in Kashmir to save his government, says Ambassador G Parthasarathy, a former high commissioner to Islamabad.
Terrorism and Afghanistan were the focus points of Prime Minister Narendra Modi's talks with Uzbek President Islam Karimov on his first visit to Central Asia.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Following is the full text of Prime Minister Manmohan Singh's speech at the Central Party School in Beijing on Thursday:
