India also jumped 16 notches again to 39 among 144 countries in the World Economic Forum’s Global Competitiveness Index 2016 that ranks countries on the basis of parameters such as institutions, macroeconomic environment, education, market size and infrastructure among others.
There is no escaping the impact of global influences on the SA economy. The recent volatility in our financial markets following the increased risk aversion of global investors towards emerging countries is an example in this regard.