India scored 4.06 garnering a rank of 50 out of 127 countries on a Networked Readiness Index (NRI) ranking for 2007-200. The report published by the World Economic Forum in cooperation with INSEAD basis rankings on 70 indicators, more details here. The report covers 127 economies, accounting for around 95 percent of the world’s GDP. 

Since 2002, the largest variable regression in India’s Network Readiness Index is in its Market environment which deteriorated from a rank of 28 in 2006 to 49 in 07. Surprisingly, the only improvement has been in the Political and regulatory environment which has improved from 48 to 47 during the same period. The graph below maps trends from 2002 - 2007.

Do a head to head with China and a few surprises come up. India leads in venture capital availability with a score of 4.12 compared to China (2.98). Counter this with the fact that China betters India on a majority of consumption metrics including Internet users, bandwidth, mobile telephone subscribers and internet access in schools. Overall, India’s network readiness index has dropped from 44 in 06 to 50 in 07, it has remained consistent in its non performance in 07-08. China is currently at 57. The list of most networked economies of the world is is led by Denmark (5.78), followed by Sweden (5.72) and Switzerland (5.53). In descending order of rankings for favourite immigrant haunt, US (4), UK (12), Canada (13) and Australia (14). In case you are a cricket fan, we lead Pakistan (89) by 39 ranks.