World Competitiveness Index 2022

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Institute for Management Development recently compiled and released the annual World Competitive Index.

Indias witnessed a six-position rise from 43rd to 37th rank, due to gains in economic performance.

Denmark has been ranked at top position, among top 63-nation list. It was ranked at third position in 2021.

Switzerland dropped from the top position to second position.

It is followed by Singapore at third position, which

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was ranked at fifth, position.

Indian economy witnessed significant improvement in competitiveness, after stable and stagnant five years because of gains in economic performance. It experienced a rise from 30thto 9thposition in one year. The labour market in India has moved from 15thto 6thposition. Labour market is a key sub-factor in business efficiency parameter and business attitudes.