140 countries competed on technology, innovation, and financial development.
The Kashmir Scenario Exclusive
Srinagar | Each year, the World Economic Forum produces its Global Competitiveness Report, a comprehensive assessment of economic competitiveness across the globe. Each country’s relative economic strength is determined by analyzing twelve pillars–including capacity to innovate, infrastructure, and health factors–that produce 114 unique indicators. Those indicators make up the Global Competitiveness Index, a global ranking that looks to shed light on the drivers contributing to national productivity and prosperity.
According to The Global Competitiveness Index 2015–2016 Rankings produced by World Economic Forum, out of 140 countries India Stands at Rank 55th while as Pakistan Stands at 126th Rank. The number one rank is given to Switzerland, 2nd to Singapore and 3rd to USA. The Global Competitiveness Index captures the fundamentals of an economy. Recent developments, including currency, geopolitical uncertainties , and security issues.
This year’s Report provides an overview of the competitiveness performance of 140 economies and thus continues to be the most comprehensive assessment of its kind. It contains a detailed profile of each of the economies included. This Report is one of the flagship publications of the Forum’s Global Competitiveness and Risks Team, which produces a number of related research studies aimed at supporting countries in their transformation efforts and raising awareness about the need to adopt holistic and integrated frameworks for understanding complex phenomena related to competitiveness and global risks.