Geneva, 10 Oct 2019, (UMMn): India has slipped 10 points, from 58th rank in 2018 to 68 in 2019, on Global Competitiveness Index 2019. The Global Competitiveness Index 2019 has been compiled by Geneva-based World Economic Forum (WEF).
Though it performed better in some of the indicators, it ranked poorly in other indicators such as security, where it was ranked near bottom with organised crime rate being extremely high.
India also ranked low in the skills of future workforce indicator, student-teacher ratio in primary education, electricity access, electricity supply quality and exposure to unsafe drinking water.
The Global Competitiveness Index ranks 140 nations on the basis of 98 indicators organised into 12 pillars including infrastructure, institution, ICT adoption, macroeconomic stability, health, skills, product market, labour market, financial system, market size, business dynamism, and innovation capability.
Singapore ranked 1st with a score of 84.8 pushing the United States to the 2nd spot.
The top-ten economies in the Global Competitiveness Index 2019 are Singapore, US, Hong Kong, Netherlands, Switzerland, Japan, Germany, Sweden and Denmark, in that order.
