Explanation: Recently Global Competitiveness Index was published by the International Institute for Management Development (IMD). Denmark, Ireland, and Switzerland have been named the top three among 64 economies measured for their global competitiveness.

• India dropped 3 spots to finish 40th but is still in a better position than it was in 2019-2021.
• The three main measures that helped India in its score are exchange rate stability, compensation levels, and improvements in pollution control.

Source: FORUMIAS