India has ranked 39th in the Global Competitiveness Index (GCI).
The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum.
Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V. Artadi.
Before that, the macroeconomic ranks were based on Jeffrey Sachs’s Growth Development Index and the microeconomic ranks were based on Michael Porter’s Business Competitiveness Index.
The Global Competitiveness Index integrates the macroeconomic and the micro/business aspects of competitiveness into a single index.
The report “assesses the ability of countries to provide high levels of prosperity to their citizens. This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.”
The report also highlighted that India happens to be the second-most competitive economy among the BRICS (Brazil, Russia, India, China and South Africa) countries, with China ahead at 28th spot.
Switzerland, Singapore and the United States remained the world’s most competitive economies in the report that assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity.
The Global Competitiveness Report 2016–2017:
- United States
- United Kingdom
- Hong Kong SAR
- New Zealand
- Chinese Taipei
- United Arab Emirates
- Korea, Rep.
- Saudi Arabia
- Czech Republic
- Russian Federation
138. Yemen (Last)