India rose one place to 44th this year in the global competitive rankings out of 63 countries that were ranked by the IMD World Competitiveness Center, which placed the US in the top slot.
The US became the most competitive economy globally driven by its strength in economic performance and infrastructure. Hong Kong placed on second & Singapore placed on third place in this ranking.
Narendra Modi government completes four years this month, India continues to perform modestly in the global competitive rankings, rising one place to 44 this year.
India started from the 40th position in 2013 and dropped to the 44th rank in 2014, the year the National Democratic Alliance assumed power. India’s rank remained at 44 in 2015 and jumped four places to 41 in 2016, dropping to 45 in 2017, and rising to 44 in 2018. Top 5 Most Competitive Economies in the World are as Below:
- USA
- Hong Kong
- Singapore
- Netherlands
- Switzerland
Published On : 25 May 2018