2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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US
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Singapore
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Switzerland
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China
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Detailed explanation-1: -The World Economic Forum’s (WEF) annual Global Competitiveness Index saw India jumping 16 places in 2016-17-the highest leap by any country. It now ranks 39 among the 138 economies that were surveyed.
Detailed explanation-2: -Highlights of the WCI Index 2022 Denmark has toped the 2022 ranking featuring 63-nations list from the third position last year. It is followed by Switzerland (2nd) slipped from the top ranking in last year and Singapore regained the third spot from fifth.
Detailed explanation-3: -According to IMD, the Indian economy’s competitiveness improved significantly in 2022, with the country’s economic performance rank increasing from 37th to 28th. It also stated that India’s domestic economy rose from 30th to 9th in a year, and the labour market has moved up from 15th to 6th in the index.
Detailed explanation-4: -Economic performance: It has improved from 37th in 2021 to 28th in 2022. Government efficiency: It has improved from 46th in 2021 to 45th in 2022. Business efficiency: It saw a huge improvement from 32nd rank in 2021 to 23rd in 2022. Infrastructure: It on the other hand, saw no change at 49.