12 pillars of Global Competitiveness Index

Q.  Which of the following are among the 12 pillars which determine the Global Competitiveness Index?

1) Institutions
2) Technological readiness
3) Innovation
- Published on 05 Oct 16

a. 1, 3
b. 2, 3
c. 1, 2
d. All of the above

ANSWER: All of the above
 
  • 12 pillars underlying GCI include

    • 1. Institutions,
    2. Infrastructure,
    3. Macroeconomic environment,
    4. health and primary education,
    5. higher education and training,
    6. goods market efficiency,
    7. labour market efficiency,
    8. financial market development,
    9. technological readiness,
    10. market size,
    11. business sophistication and
    12. innovation
  • India’s competitiveness has improved this year across the board, in particular in goods market efficiency, business sophistication and innovation.
  • The macroeconomic environment also improved due to better monetary and fiscal policies and lower oil prices.

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