India rose one place to 44th this year in the global competitive rankings out of 63 countries that were ranked by the IMD World Competitiveness Center. India started from the 40th position in 2013 and dropped to the 44th rank in 2014.
India’s rank remained at 44 in 2015 and jumped four places to 41 in 2016, dropping to 45 in 2017, and rising to 44 in 2018. In contrast, China bagged the 13th rank in 2018 as compared to the 18th rank in 2016.
The top 5 most competitive economies in the world are:
1. The USA,
2. Hong Kong,
4. The Netherlands and
Source- The Livemint
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- The IMD World Competitiveness Center is based in Lausanne, Switzerland.