Global Competitiveness Index News
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India has been placed at 40th spot in the World Economic Forum’s (WEF) Global Competitiveness Index (GCI) 2017-18.
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The jump of 16 places for India from last year's 55th place is the highest for any economy this year. India is also the second-most competitive among BRICS nations behind neighbouring China, which is ranked at the 28th position.
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India and South Africa are the "bright spots" among larger emerging markets, as both these countries saw large improvement in the global competitiveness index compiled by World Economic Forum, while the trend for their peer countries is either one of decline or stagnation.
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In a big jump, India has moved up 16 positions to rank 55th on a global index of the world's most competitive economies, where Switzerland remains on top.
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