competitive envronment

7/29/2019 Competitive Envronment

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SUBMITTEB BY-

ANUJ GANDHI

NITIN JAIN


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MEANING

Competitiveness may defined as the ability of

a firm, sector or economy to compete against

other firm, sector or economies.


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Factors Contributing Competitive

Environment in India

Delicensing

De-reservation of SSI items

Public sector disinvestment & privatization.

Opening up of new sector to private enterprise.

Liberalization of FDI

Import competition


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GLOBAL COMPETITIVENESS INDEX

GLOBAL COMPETITIVENESS INDEX EVALUATES THEPRODUCTIVITY AND EFFICIENCY OF THECOUNTRIES.IT IS A TOOL FOR EVALUATINGCOUNTRY POTENTIAL FOR GROWTH.

IT SHOWS WHICH COUNTRIES SETS THE BEST

EXAMPLE FOR THE REST OF THEWORLD IN TERMSOF ECONOMIC PERFORMANCE, BUSINESSEFFICIENCY,INFRASTRUCTURE AND GOVERNMENTEFFICIENCY.


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FACTORS AND CRITERIA THE CRETERIA USED TO COMPUTE THE RANKINGS ARE

GROUPED INTO 4 MAIN FACTORS DIVIDED INTO TWENTYSUB FACTORS.

FACTOR SUBFACTORS

1 ECONOMIC PERFORMANCE a. Domestic economy

b. International trade

c. International investment

d. Employment

e. prices


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2 GOVERNMENT EFFICIENCY a. Public finance

b. fiscal policyc. Institutional framework

d. Business legislation

e. societal framework

3 BUSINESS EFFICIENCY a. Productivity

b. Labor market

c. finance

e. Management practices

f. Attitudes and values


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4. INFRASTRUCTURE

a. Basic infrastructure

b. Technological infrastructure

c. Scientific infrastructured. Health & environment

e. Education


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GLOBAL COMPETITIVENESS INDEX

REPORT GLOBAL COMPETITIVENESS REPORT IS A YEARLY

REPORT PUBLISHED BY THE WORLD ECONOMIC

FORUM. THE FIRST REPORT WAS RELEASED IN 1979. THE 2011-2012 REPORT COVERS 142 MAJOR AND

EMERGING ECONOMIES.

SWITZERLAND LEADS THE RANKING AS THE MOST

COMPETITIVEECONOMY IN THE WORLD AS THEUNITED STATES WHICH RANKS FIRST FOR SEVERAL

YEARS FELL TO FIFTH PLACE DUE TO THECONSEQUENCES OF FINANCIAL CRISIS OF 2007-2010


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2011-12 RANKINGS 1. SWITZERLAND

2. SINGAPORE

3. SWEDEN

4. FINLAND 5. UNITED STATES

6. GERMANY

7. NETHERLAND 8. DENMARK

9. JAPAN

10. UNITED KINGDOM


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2008-09 RANKINGS

1. United States 2. SWITZERLAND

3. DENMARK

4. SWEDEN 5. SINGAPORE

6. FINLAND

7. GERMANY

8. NETHERLANDS

9. JAPAN

10. CANADA


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RANKING OF INDIA AND CHINA

INDIA RANKS 56 WHILE CHINA RANKS 26 IN THE GLOBAL

COMPETITIVENESS REPORTS RANKING FOR 2011-12.

INDIA RANKS 51 IN 2010-11 WHILE CHINA RANKS 27.

INDIA RANKS 49 IN 2009-10 WHILE CHINA RANKS 29.

INDIA IS BEHIND CHINA(26),SOUTHAFRICA(50) ANDBRAZIL(53).RUSSIA(66) IS THE ONLY COUNTRY AMONG

BRICS NATIONS TO TRAIL INDIA.


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COMPETITIVENESS GAP BETWEEN

INDIA AND CHINA

COMPETITIVENESS GAP BETWEEN INDIA AND

CHINA CONTINUES WIDENING DUE TO THE

FOLLOWING REASONS.

THE INFRASTRUCTURE IN INDIA REMAINS LARGERLY

INSUFFICIENT AND ILL ADAPTED TO THE BUSINESS NEEDS.

INDIA IS RANKED 89 AMONG 142 COUNTRIES ON THEINFRASTRUCTURE PARAMETER.

IN HEALTH AND BASIC EDUCATION INDIA RANK IS 101


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COMPETITION ACT, 2002

Today, the whole world is facing the thought cut

competition .To have a fair and healthy competition, our

nation has set up a body judicial body which is known as

the competition commission of India [CCI]. In India therewas an act regarding the competition in the market

named MRTP Act [Monopolistic & Restrictive Trade

Practice Act] but as the time changed this act was not able

to prevent the needed defense for the society and market,and thus new act named The Competition Act enacted in

2002 which is widely known as the antitrust act in United

States.


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Objectives of competition law:

1. To prohibit the agreements or practices that restricts

free trading and also the competition between two

business entities.2. To ban the abusive situation of the market monopoly.

3. To provide the opportunity to the entrepreneur for

the competition in the market.

4. To have the international support and enforcementnetwork across the world.

5. To prevent from anti-competition practices and to

promote a fair and healthy competition in the market


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Prohibitions under the law:

This law prohibits the deliberate exploitation of adominant market position by a firm.

Willful acquisition has also been prohibited.

(Here mentioning the market power is a necessity. It has beendefined as the power to control prices or exclude competitionand market share is the most important factor in measuring themarket power.)

Unlawful monopolization is an offence under thecompetition law.

(There has been made an anti-competition agreement for

Control this activity)


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YOU

competitive envronment

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