WEF releases GCR report, India ranks 55th

Q.  WEF released the Global Competitiveness Report 2015-2016 according to which India is ranked ____.
- Published on 02 Oct 15

a. 52
b. 53
c. 54
d. 55

ANSWER: 55
 
WEF released the Global Competitiveness Report on 30th September 2015 assessing the economic competitiveness landscape of 140 nations providing insights into growth of productivity and prosperity. After 5 years of decline, India jumped up to 55th place compared to rank 71 in 2014-2015. Top countries in ranking were Switzerland, Singapore, US, Germany, Netherlands, Japan, Hong Kong, Finland, Sweden and UK. The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), which was introduced by WEF in 2004.

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