CURRENT AFFAIRS

Detailed explanation-1: -The 63-nation list, which is compiled by the Switzerland-based Institute of Management Development (IMD), ranks Denmark on top, while Switzerland slipped from the top to the second position. Singapore has also regained the third spot in 2022 from fifth in 2021, the IMD’s economic competitiveness ranking data shows.

Detailed explanation-2: -Few countries with top ranking: Singapore ranked first in the World Competitiveness Index for 2021.

Detailed explanation-3: -Europe: Denmark has moved to the top of the 63-nation list from the third position last year, while Switzerland slipped from the top ranking to the second position and Singapore regained the third spot from fifth.

Detailed explanation-4: -World Competitiveness Index, 2022: Parametres, India’s Performance And Initiatives. It examines the four aspects (334 competitiveness criteria) to assess a country’s wealth and competitiveness.

Detailed explanation-5: -In the 2022 rankings, Switzerland (1) and Singapore (2) maintained their lead as the most talent competitive countries, while many European economies (especially Nordic ones) kept their spot in the top 10. Smaller economies continued to display top-notch talent performance.