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.

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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