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

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position.

It is followed by Singapore at third position, which 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.