India slips to 71st rank in global competitiveness list

India has slipped to 71st position, in an annual global competitiveness list, where Switzerland remains on top.  As per the list, released by the Geneva-based World Economic Forum, India comes the lowest among BRICS countries.  The Global Competitiveness Report 2014-15, says Switzerland is the most competitive economy, followed by Singapore and United States. China, which has improved its position by one place to 28th spot, leads the BRICS grouping.