India ranks 39th in Global Competitiveness Index 2016-17

India has been ranked 39th among the 138 countries in the 2016-17 Global Competitiveness Index (GCI). However, the index was released as part of the World Economic Forum’s (WEF) Global Competitiveness Report for 2016-17.

Must Know Facts and Figures

• Here are the lists of Top 5 Countries: Switzerland (1st), Singapore (2nd), United States (3rd), Netherlands (4th) and Germany (5th). 

• BRICS Countries: China (28th), Russia (43rd), South Africa (47th) and Brazil (81st).

• India’s competitiveness has improved across the board, particularly in innovation (29), goods market efficiency (60) and business sophistication (35) indicators of GCI.

The Global Competitiveness Report (GCR)

  1. The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum.
  2. Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness Index.
  3. The GCI measures 12 pillars which include institutions, macro-economic environment, infrastructure, health and primary education, higher education and training, labour market efficiency, goods and market efficiency among others.

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