{"id":250117,"date":"2023-06-30T20:17:11","date_gmt":"2023-06-30T14:47:11","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=250117"},"modified":"2023-06-30T20:17:11","modified_gmt":"2023-06-30T14:47:11","slug":"india-slips-to-40th-spot-in-world-competitiveness-ranking","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-slips-to-40th-spot-in-world-competitiveness-ranking\/","title":{"rendered":"India slips to 40th spot in world competitiveness ranking"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201cIndia slips to 40th spot in world competitiveness ranking\u201d <\/b><span style=\"font-weight: 400;\">published in I<\/span><b>ndia Today on 29th June 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The International Institute for Management Development (IMD) has released the <\/span><span style=\"font-weight: 400;\">World Competitiveness Ranking 2023.<\/span><\/p>\n<h2><b>What is the World Competitiveness Ranking?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">World Competitiveness Ranking <\/span><span style=\"font-weight: 400;\">is a comprehensive annual report and worldwide reference point on the competitiveness of countries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It analyzes and ranks countries according to how they manage their competencies to achieve long-term value creation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It <\/span><span style=\"font-weight: 400;\">evaluates countries based on four key factors: <\/span><span style=\"font-weight: 400;\">economic performance, government efficiency, infrastructure and business efficiency<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><b>What are the key findings of <\/b><b>World Competitiveness Ranking?<\/b><\/h2>\n<p><b>Top three countries:<\/b><span style=\"font-weight: 400;\"> Denmark, Ireland and Switzerland have been named the top three among 64 economies.<\/span><\/p>\n<p><b>India:<\/b><span style=\"font-weight: 400;\"> I<\/span><span style=\"font-weight: 400;\">ndia has been ranked 40th.India has slipped three spots from the previous year but has improved from its 43rd rank in 2019-2021.<\/span><\/p>\n<p><b>Observations made on India:<\/b><span style=\"font-weight: 400;\"> India has witnessed improvements in government efficiency but slightly underperformed in business efficiency, infrastructure, and economic performance when compared to other countries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 The top three contributing factors that positively impacted India&#8217;s score are: Exchange rate stability, compensation levels, and advancements in pollution control.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 <\/span><b>Challenges for India: <\/b><span style=\"font-weight: 400;\">Sustaining high GDP growth, managing financial market volatility, controlling inflation and fiscal deficit, accelerating digital transformation and mobilizing resources for infrastructure development.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cIndia slips to 40th spot in world competitiveness ranking\u201d published in India Today on 29th June 2023 What is the News? The International Institute for Management Development (IMD) has released the World Competitiveness Ranking 2023. What is the World Competitiveness Ranking? The World Competitiveness Ranking is a&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-slips-to-40th-spot-in-world-competitiveness-ranking\/\">Continue reading <span class=\"screen-reader-text\">India slips to 40th spot in world competitiveness ranking<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1305,9],"tags":[11170],"class_list":["post-250117","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-index-reports-bodies","category-public","tag-india-today","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/250117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=250117"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/250117\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=250117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=250117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=250117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}