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Global Competitiveness Index 2018
October 20 , 2018
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- India has been ranked as the 58th most competitive economy on the World Economic Forum's Global Competitiveness Index for 2018 (GCI 4.0).
- The GCI 4.0 assesses competitiveness through the factors that determine an economy’s level of productivity.
- India's rank rose by five places from 2017, the largest gain among G20 economies.
- On the list of 140 economies, the US topped the list and it is followed by Singapore and Germany at the 2nd and the 3rd positions respectively.
- Among the BRICS economies, China topped the list at 28th place. India, however, remained the “South Asia’s main driving force”.
- The report stated that the global economy is projected to grow nearly 4% in 2018 and 2019.
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