India Ranked 40 in World Economic Forum

by Business | 27-09-2017 | 565 views

New Delhi: India has been ranked as the 40th most competitive economy on the World Economic Forum's global. The Global Competitiveness Index (GCI) is prepared on the basis of country-level data covering 12 categories or pillars of competitiveness namely - Institutions, infrastructure, macro economic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication and innovation. Switzerland, US and Singapore hold the first 3 spots respectively of the 137 listed nations. Other countries in the top 10 are the Netherlands (4th rank), Germany (5), Hong Kong SAR (6), Sweden (7), United Kingdom (8), Japan (9) and Finland (10). In South Asia, India has garnered the highest ranking, followed by Bhutan (85th rank), Sri Lanka (85), Nepal (88), Bangladesh (99) and Pakistan (115). India slipped a rank from 39 in this year but the total score across most pillars has improved, such as infrastructure (66th rank), higher education and training (75) and technological readiness (107).

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