Judiciary is seemly independent, yet doesn't deliver justice. Not at all. While accepting this situation is unlikely to go away soon, the question is, shouldn't India's big jump in Global Competitiveness Index over 2 years, not ignite the growth story?

CIM India@GOI✔@CimGOI
#TransformingIndia @wef's Global Competitiveness Rankings- India up by 32 spots in last 2 years. Rank 71 in 2014, 39 in 2016.@nsitharaman(see link 1)

A very bitter article in link 2 (contrary view), says executives surveyed for GCI were misled by govt hype. Main concerns will still be corruption (at state and lower levels) and bureaucracy or legal system.

Goods market efficiency, Macroeconomic stability, Infrastructure, Financial Markets and business environment will all improve next year. Health and primary education, though needing much attention, has consistently improved its score. Others (see link 3):
1. Innovation, Business sophistication
2. Technology readiness
3. Higher education and training: I & BS are doing splendidly, though IMO much more should be attempted here. Digital India, Smart cities, Skill India, HE/ IIT expansion & 20 World-class institutes should cater for 2 & 3.
3. Labour market efficiency
4. Institutions: Govt seems game for bringing in labour reforms. Yet to decide whether Indian institutions are up to the mark - for integrity, capability and service delivery.

Areas meant for economic efficiency will be positively impacted by structural reforms like Ease of business, GST, Aadhar, UPI, digitalisation, vocational/ skills training, regional connectivity, bankruptcy law, FDI, etc. Keys left -  i) PSB capitalisation ii) Electricity distribution iii) Railways freight speed, iv) Port operations efficiency and connectivity v) Judiciary and policing.

_eg.
Goods Market Efficiency: pending GST & removal of inter-state checkpoints; centralised warehouses & efficient stock controls; e-tolls; rail freight diversification; ports connectivity; cheaper & better air-connectivity; tech upgrade for post offices for parcel deliveries.
Macroeconomic Stability: inflation targeting, falling fiscal deficit; debt ratings upgrade; reserves & current deficit; make-in-India boost.
Business Environment (sub-category): ease of doing business; project facilitation; improved tax admin & lower corporate tax rates.

_eg
Business Sophistication: e-tendering, e-NAM & online shopping; UPI, JAM; inter-state easing via GST; MII, FDI, TOT; cluster industries, Sagarmala,  regional connectivity; MSME funding via Mudra, skills training, technology upgrades schemes; availability of specialist steel, agri and new-age materials, expanded mining; commercial courts & speedy arbitration; anti-fraud policing & consumer protection; popular entertainment, sports leagues, sophisticated media, digital advertisements, accurate marketing data, marketable brands; multiplicity of retail & wholesale outlets; ease of trading, insurance, trade finance.

_eg.
Tech Readiness digital banking, Aadhar & digital locker; remote digital services; railways ticketing and complaints handling; back office techs in tax admin, public admin & e-tolls; paperless storage, e-tendering &  IT in offices; mobile & broadband access; weather mapping & other satellite uses; use of supercomputer, software; improved air, river & traffic control management & user feedback; automated measurement, relays & feedback controls; city surveillance, shop/ transport CCTV. Driverless metro trains and automated railways stoppage; smartened power grid, smart power meters; technology upgrades for security grid, defence equipment, coast guards; tech upgrades for textiles manufacturing, steel production, etc.

_eg.
Infrastructure: expanded and denser road & rail network, metrorail, waterways, new ports, transhipment ports & functioning non-metro airports; higher capacity inter-city roads, railway lines, airports, rail stations, ports, dredging, road traffic management, air traffic mx, river traffic mx; city flyovers, subways, rail-road bridges, city gas network; gas pipelines, oil & gas extraction and refinery, mines; houses, schools, univesities, clinics, hositals, other public infra; river-front developments, smart cities; city surveillance network, transport CCTVs; stadiums; 4G broadband, mobile tower coverage, govt fibre network, sat comm; common service centres; supercomputer network; food processing; dams, irrigation canals, local water storage, drip-irrigation; hatcheries, agri labs, purity testing; coastal fisheries infra upgrade; coast guard enhancement; border security upgrade; naval ports, airforce bases, army cantonments, defence labs & testing facilities, defence shipyards & manufacturing units; renewable power, nuclear and thermal power stations, rural electrification, intense electrification, power transmission infra, substations and transformers, smart meters; waste to power/ ethanol; drinking water supply system, water purification, desalination, sewage treatment plants, water recycling, toilets, etc.

Growth story will come a cropper unless the judiciary works