India ranks at what position in the World Competitiveness Index 2024?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4: 39th.
Explanation:
India has secured the 39th position in the World Competitiveness Ranking 2024, released by the International Institute for Management Development (IMD), marking a significant improvement.
Improvement: India was ranked 40th in 2023; thus, the country's ranking has improved by one spot this year.
Factors: Key factors driving this progress include efficient government functioning, investments in infrastructure, and business efficiency.
Top Countries: In the 2024 rankings, Singapore secured the first position, followed by Switzerland and Denmark.
Additional Facts:
- Publisher: This index is released annually by the IMD (International Institute for Management Development).
- Criteria: The ranking is based on four main factors: Economic Performance, Government Efficiency, Business Efficiency, and Infrastructure.
- Asian Perspective: Among Asian nations, Singapore and Hong Kong have emerged as top performers, while India's ranking has witnessed fluctuations over the past few years (43rd in 2021, 37th in 2022).
Potential Questions for Upcoming Exams:
Question: Which organization releases the 'World Competitiveness Index'?
Answer: International Institute for Management Development (IMD).
Question: Which is the world's most competitive economy in the 2024 rankings?
Answer: Singapore.
Question: What is India's ranking in the 'Global Gender Gap Index 2024'?
Answer: 129th (This is also important for current affairs).