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World Competitiveness Index 2021 : Switzerland ranks top and list of top 20 countries
In the World Competitiveness Index 2021, Switzerland has acquired first place while Sweden is second.
- India has maintained its 43rd rank on the index.
- World Competitiveness Rankings List comprises a total of 64 nations.
- Innovation, digitalization, welfare benefits, and social cohesion were key to economic performance in the 2021 rankings.
The countries were ranked on the basis of four key factors:
- Economic Performance
- Government Efficiency
- Business Efficiency
The top-performing Asian economies :
- Singapore (fifth)
- Hong Kong (seventh)
- Taiwan (eighth)
- China (16th)
Among the BRICS nations, India is ranked second after China.
- China (16)
- Russia (45th)
- Brazil (57th)
- South Africa (62th)
- India ( 43 )
Top 20 Countries :
|2021 Ranking||Country||2020 Ranking|
|7||Hong Kong SAR||5|
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