India got 37th rank in the World Competitiveness Index

India got 37th rank in the World Competitiveness Index

Daily Current Affairs   /   India got 37th rank in the World Competitiveness Index

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Category : National Published on: June 17 2022

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  • India has jumped six positions from 43rd to 37th rank on the annual World Competitiveness Index for the year 2022.
  • The 63-nation list, which is compiled by the Switzerland-based Institute of Management Development (IMD), ranks Denmark on top, while Switzerland slipped from the top to the second position.
  • Singapore has also regained the third spot in 2022 from fifth in 2021.
  • India's ranking in the index has improved after no change for three years i.e. 2019, 2020 and 2021. During these years, India's competitive ranking stayed the same at 43. In 2018, it was 44.
  • Denmark reached the number one spot in the IMD World Competitiveness Ranking (WCR) for the first time in the ranking’s 34-year history.
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