- India is ranked 40th
- Last year India was ranked 39th
- Index is prepared by Word Economic Forum
- Switzerland is ranked 1
- BRICS Countries: China (27th), Russia (38th), India (40th), South Africa (61st) and Brazil (80th).
- WEF’s GCI assesses competitiveness of countries to provide insight into drivers of their productivity and prosperity.
- GCI scores are calculated on basis of 12 categories called ‘pillars of competitiveness’ which covers both business and social indicators.
- It includes pillars such as institutions, infrastructure, health and primary education, labour market efficiency, financial market development, technological readiness and market size.