World Competitiveness Index 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.


World Competitiveness Index 2022

(a) World Bank

(b) IMF

(c) World Economic Forum

(d) Institute for Management Development