India jumps 5 spots in WEF competitiveness index


The World Economic Forum released the Global Competitiveness Report 2018. According to the report, India has jumped five spots to become the 58th most competitive economy on the Global Competitiveness Index 2018 (GCI 4.0).

India witnessed the largest gain among the G20 nations. The index covers 140 nations and it measures national competitiveness. The United States ranked number one again with a score of 85.6.

India ranked highest among South Asian countries with a score of 62.0. Sri Lanka was ranked 86, Bangladesh 103, Pakistan 107 and Nepal 109. Top 5 countries on the Index include US, Singapore, Germany, Switzerland and Japan. It may be noted that this index captures determinants of long-term growth.