The number of Indian firms among the global rapid growth companies identified by the World Economic Forum has increased from 17 in 2014 to 26, according to the Ministry of Finance.
In a written reply to Lok Sabha today, Minister of State in the Ministry of Finance stated that, as per the World Economic Forum’s Global Competitiveness Report 2016-17, India’s competitiveness has improved and India rose 16 ranks faster to climb to 39th place among 138 countries.
However, there still remain substantial changes in the ease of doing business and the taxation system, he added.
The current 26 companies are: Allcargo Logistics Limited, Ola Cabs, Apollo Hospitals Enterprise Ltd, Apollo International Ltd, ATC Tires Private Limited, BMR Advisors, Centum Electronics Ltd, Dabur India Ltd, Educomp Solutions Ltd, Eram Group, Forbes Marshall Private Limited, Genpact Ltd, Jain Irrigation Systems Ltd, Nash Industries (I) Pvt. Limited, Navayuga Group, Paytm, Welspun Energy, Siddho Mal Group, Parle Agro, Sonata Software Limited, Sunjewels Group, Tandon Group, The Eastern Group, Transport Corporation of India Ltd, Velankani Information Systems Private Limited, and WNS Global Services.