
India has slipped four places to 40th position, out of 62 leading financial systems and capital markets, because of poor enforcement of contracts and low levels of liberalisation, says a World Economic Forum report.According to the fifth edition of the World Economic Forum's Financial Development Report 2012, India has been ranked 40th in the 2012 Index -- four-spot decline from last year (36 rank).The report highlighted a poor record in enforcing...