The IMD World Competitiveness Center is a research group at IMD business school in Switzerland. It has been publishing the rankings every year since 1989.
This year’s list comprises 63 countries with Cyprus and Saudi Arabia making their first appearance.
India has been ranked 45th in terms of competitiveness in the annual rankings compiled by IMD.
This list is compiled by the International Institute for Management Development’s (IMD) World Competitiveness Center.
Hong Kong has topped the list. Switzerland and Singapore were ranked second and third respectively, with the US at the fourth spot.
The Netherlands completed the top five. Others in the top 10 list include Ireland at sixth, Denmark seventh, Luxembourg (eighth), Sweden (ninth) and UAE at 10th.
Ukraine was ranked 60th, while Brazil was placed at the 61st position and Venezuela at 63rd.
IMD World Competitiveness Center has also published a separate report ranking countries’ digital competitiveness.