Current Affairs

India ranks 40th in 2017 Global Competitiveness Index

World Economic Forum (WEF) released the Global Competitiveness Report, in Switzerland
 India was placed at 40th spot among 137 countries.

  • GCI scores are calculated on basis of 12 categories called ‘pillars of competitiveness’ which covers both business and social indicators.
  • Top 5 Countries are: Switzerland occupies the 1st position, United States 2nd position, Singapore 3rd position, Netherlands 4th position and Germany 5th position.
  • The Global Competitiveness Index (GCI) is prepared on the basis of country-level data under 12 categories of competitiveness.

The 12 categories of competitiveness and India’s score in these categories are:
  • Institutions, Infrastructure
  • Macroeconomic environment
  • Health and primary education
  • Higher education and training
  • Goods market efficiency(56th rank), Labour market efficiency
  • financial market development
  • Technological readiness(107th rank)
  • Market size
  • Business sophistication
  • Innovation
India remains most competitive country in South Asia. India has slipped by one position compared to 39th spot in 2016 GCI.
India ranks 40th in 2017 Global Competitiveness Index India ranks 40th in 2017 Global Competitiveness Index Reviewed by insiya yadav on September 28, 2017 Rating: 5

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