No. 30 India

Change Since 2008 Ranking: -1

Real Per Capita GDP: $2,874

Real GDP Growth: 7.1%

World Competitiveness Rankings
Economy: 12
Government Efficiency: 35
Business Efficiency: 11
Infrastructure: 57

The economic power of India's 1.1-billion-strong population will only grow in time. So far, the country has benefited from a large, IT-savvy workforce that has led major international companies to start operations from Bangalore to Mumbai. Analysts also hope the recent reelection of Prime Minister Manmohan Singh will provide greater political stability that could encourage needed bureaucratic reform, infrastructure buildout, and additional foreign investment.