India climbed from 82nd in 2010 to 57th in 2023 in the Market Distortions Performance Index, according to the Competere Foundation report.
The report credits India's progress to reforms such as the Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC), regulatory reforms, and trade facilitation measures.
The index evaluates countries based on protection of ownership rights, domestic competition, and international competition.
The report highlights that these reforms have improved ease of doing business, market competition, and investor confidence.
The report was released during a discussion organised by the Centre for Trade and Investment Law (CTIL) of the Indian Institute of Foreign Trade (IIFT) and the Competere Foundation in New Delhi.