India has reason to be envious of TWO of its neighbours, Bhutan and China. The country’s 30-notch jump in the World Bank’s ease of doing business ranking to 100th place is clouded by the better performance of Bhutan (75th rank) and China (78th rank).India is behind its neighbours on macroeconomic indicators such as per capita income growth and efficiency of capital. Its per capita income growth (in dollar terms) is now the second lowest in the region. In terms of incremental capital income ratio (ICIR), India is now rubbing shoulders with Nepal and is worse off than Pakistan and Bangladesh, though better than China.Every additional dollar of per capita income in India now requires $7.3 worth of incremental investments in fixed capital such as plant and equipment. This is $2.2 in Pakistan and $2.6 in case of Bangladesh. China’s incremental capital output ratio (ICOR) is even worse at $9. The calculation is based on per capita income growth and AVERAGE investment rate of the PAST three years. A VARIATION of incremental capital output ratio, ICIR is calculated by dividing a country’s investment rate by annual growth in per capita income.In the past three years, India’s per capita income (PCI) at current prices in dollar terms has grown at a compound annual growth (CAGR) of 4.5 per cent. This is less than half the pace of growth seen in the region’s current leader, Bangladesh, at 11.1 per cent. pls mark as brainliest pls pls pls