 "Representative Image")
In the latest edition of the World Economic Forum’s (WEF’s) Global Competitiveness Index, India ranks 40th out of 137 countries. While the country has slipped one spot from last year, it has bettered its score, indicating improvements on some parameters. As shown in Chart 1, Switzerland tops the rankings, followed by the United States, Singapore, and the Netherlands.
The index is designed to measure factors that determine productivity, which, in turn, determines a country’s long-term growth.
As shown in Chart 2, the report finds that a country’s performance on the index in 2007 was correlated with its growth
The index is designed to measure factors that determine productivity, which, in turn, determines a country’s long-term growth.
As shown in Chart 2, the report finds that a country’s performance on the index in 2007 was correlated with its growth
