India slips a notch in global competitiveness

But still remains most competitive country in South Asia: WEF

India’s rank is down by a single position in the World Economic Forum's annual Global Competitiveness Index.

Issued on Tuesday, it places India at 40th among 137 economies for the 2017-18 report, down from 39th position in 2016-17. However, this is the country's highest score, under a new methodology.

In 2016-17, India had jumped 16 positions, from 55th rank a year before.

The index this year measures national competitiveness. Defined as the set of institutions, policies and factors that determine the level of productivity. Of the three sub-indexes, India has progressed the most in the efficiency enhancers category, up four positions to 42nd