World Competitiveness Index 2022
2022 JUN 15
Preliminary >
Economic Development > Miscellaneous > Reports and indices
Why in news?
- Recently, the annual World Competitiveness Index was released by the Institute for Management Development (IMD).
About World Competitiveness Index 2022:
- The index analyzes and ranks countries according to how they manage their competencies to achieve long-term value creation.
- It measures the prosperity and competitiveness of countries by examining the Four factors (334 competitiveness criteria):
- Economic performance
- Government efficiency
- Business efficiency
- Infrastructure
- IMD is a Swiss foundation, based in Switzerland, dedicated to the development of international business executives at each stage of their careers
- India has witnessed the sharpest rise among the Asian economies, with a six-position jump from 43rd to 37th rank on the, largely due to gains in economic performance.
PRACTICE QUESTION:
World Competitiveness Index 2022
(a) World Bank
(b) IMF
(c) World Economic Forum
(d) Institute for Management Development
D
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