According to the World Competitiveness Yearbook (WCY), India maintained 43rd rank on the annual World Competitiveness Index.
The World Competitiveness Index is a comprehensive annual report on the competitiveness of countries.
Compiled by: Institute for Management Development (IMD).
It examined the impact of COVID-19 on economies around the world this year.
It measures the prosperity and competitiveness of countries by examining four factors (334 competitiveness criteria):
Economic performance
Government efficiency
Business efficiency
Infrastructure
Key analysis by the report
Many Countries succeeded in transitioning to a remote work routine while also allowing remote learning.
Addressing unemployment has been fundamental.
Rankings
Top countries: Switzerland (1st), Sweden (2nd), Denmark (3rd), the Netherlands (4th).
The top-performing Asian economies: Singapore (5th), Hong Kong (7th), Taiwan (8th) and China (16th).
India’s Performance
India has maintained its position for the past three years.
This year, it had significant improvements in government efficiency
India performed better in investments in telecoms (1st), mobile telephone costs (1st), ICT services exports (3rd), remuneration in services professions (4th) and terms of trade index (5th).
India’s Performance was worst in broadband subscribers (64th), exposure to particulate pollution (64th), human development index (64th), GDP per capita (63rd)
Recent Steps Taken by India to Increase its Competitiveness
