Answer: 41st
Notes: The global economy is changing due to geopolitical tensions and financial volatility. Nations are redefining competition based on growth, stability, and adaptability. The latest International Institute for Management Development (IMD) World Competitiveness Ranking (WCR) shows developed economies facing challenges. Switzerland remains the most competitive economy globally with strengths in economic, business, and governance factors. Singapore ranks second, Hong Kong Special Administrative Region (SAR) is third. India dropped to 41st place in 2025 from 39th in 2024. India performs well in economic performance and business efficiency.
