Updated By: LatestGKGS Desk
WEF: India's Ranks 40th on the World Economic Forum's Global Competitive Index (GCI)
India Ranks 40th among 137 countries on the World Economic Forum's Global Competitive Index (GCI) 2017-18
India has placed at 40th spot among 137 countries on the World Economic Forum's Global Competitive Index (GCI) 2017-18.
India has slipped by one position compared to 39th spots from the last year Global Competitive Index (GCI).
Switzerland is at the top of the world global index including US Singapore at the second and also third places individually.
World Economic Forum measures all economies at the factor of future productivity and prosperity.
India has slipped from the 39th position to 40th while neighboring China is positioned 27th.
India is at the third position in the BRICS economies. China (27th) and Russia (38th) are placed above India among the BRICS nations.
Other countries South Africa and Brazil are placed at the 61st and 80th spots, respectively.
While, India is at the top place among south-east Asian countries followed by Bhutan (85), Sri Lanka (85), Nepal (88), Bangladesh (99) and Pakistan (115).
According to WEF India's score is at its best ever as per the current methodology, which positioned Switzerland as the world's most competitive economy.
India's competitiveness has enhanced. WEF also declared that among the developing markets, which have been seen as a having a great potential in the mid-2000s, Brazil and Turkey have now lost a significant part of the ground they picked up before 2013, however China, India, and Indonesia keep on improving.
