New Delhi: India has fallen by ten places in the World Economic Forum's Competitive Economy list. With this decline, India has now been ranked 68 in this list of the world. The decline in India's ranking in the list has come due to improvement in the economy of many other countries.

Lakshmi Vilas Bank merges with Indiabulls Housing Finance, RBI rejects it

On the other hand, America has also slipped from the top position in this list of World Competitive Economy. Now the top position in this list has gone to Singapore. The trade war is said to be the main reason for the decline in America's ranking. India was ranked 58th in the list of world's competitive economy, which has now become 68th.

The decline of 10 places in India's ranking in this list is not a good sign for the country's economy. However, releasing the list, the World Economic Forum has said that India is still at a good level in economic stability and there is considerable depth in the economy here.

Air India hopes to resolve disputes with oil marketing companies soon

Also, the forum also said that India's banking sector is going through a bad loan crisis. This year India has been one of the lightest performing economies, with Brazil among the BRICS countries. That is why India slipped 10 places in this list. This time Brazil has been ranked 71 on this list. India has been ranked 15th in terms of corporate governance.

Bharti Airtel raised huge amount from foreign investors, got Rs 5,330 crore