India's Next Growth Frontier Report: Reducing Market Distortions

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The Competere Foundation published a new report titled India’s Next Growth Frontier in collaboration with the Centre for Trade and Investment Law (CTIL) at IIFT.
The study measures how India reduced anti-competitive market distortions and built economic momentum between 2010 and 2023.

The report uses the Market Distortions Performance Index (MDPI) to evaluate India's structural reform performance.
It examines how policy changes decreased market distortions and made Indian businesses more competitive across the world.
The primary goal is to study India's progress in removing anti-competitive hurdles and suggest reforms to boost investment, productivity, and growth.

India climbed from 82nd to 57th position on the Market Distortions Performance Index between 2010 and 2023.
The index tracks three main pillars: property rights protection, domestic market competition, and international trade competition.
Key reforms like GST, the Insolvency and Bankruptcy Code (IBC), and simpler regulatory systems drove this improvement.
The report highlights the need for evidence-based competition policies that protect consumer welfare in fast-growing digital markets.
It suggests reviewing investment rules in specific sectors and partnering with trusted partner countries to tackle cross-border trade barriers.

The report offers an independent benchmark to measure the real impact of India's long-term economic reforms.
It shows how policy improvements make doing business easier, attract foreign capital, and raise overall industrial efficiency.
The findings give policymakers clear direction for strengthening competition, improving trade ties, and sustaining long-term economic growth.