<h1>Indian Firms on the Rise: WEF Recognizes 26 Rapid Growth Companies, Up from 17 in 2014.</h1> The number of Indian firms recognized as rapid growth companies by the World Economic Forum has increased from 17 in 2014 to 26. These include companies like Ola Cabs, Paytm, and Apollo Hospitals. India has improved its global competitiveness ranking, rising to 39th place among 138 countries. The Indian government is actively working to enhance the ease of doing business and reduce tax compliance costs. Initiatives include annual assessments of state-level business reforms, leading to increased competition among states. The implementation of the Goods and Services Tax (GST) is expected to further streamline business operations.