World economy: GK, General Studies and Current Affairs

India ranked 68th on 2019 WEF Global Competitiveness Index

India has slipped sharply by 10 places to rank 68th on the 2019 WEF Global Competitiveness Index due to improvements witnessed by several other economies. The index is compiled by the Geneva-based World Economic Forum (WEF). In the overall competitiveness ranking, Singapore replaced the US to take the first position.

WTO is hosting first-ever World Cotton Day (WCD) in Geneva

The World Trade Organisation (WTO) is hosting the first-ever World Cotton Day (WCD) in Geneva on 7th October 2019. Union Textiles Minister Smriti Irani is representing India in the 5-day event of WCD. The WCD will celebrate the many advantages of cotton, from its qualities as a natural fibre, to the benefits people obtain from ..

India in the Travel & Tourism Competitiveness Index 2019

The latest iteration of the Travel & Tourism Competitiveness Index for 2019 has been released by the World Economic Forum (WEF). In a piece of great news for India, it has improved its position by six places and is now ranked 34th on world travel and tourism competitiveness index. What has happened? The Travel & ..

India ranked 34th WEF’s World Travel and Tourism Competitiveness Index (TTCI) 2019

The World Travel and Tourism Competitiveness Index (TTCI) 2019 has been released by the World Economic Forum (WEF). In it, India has moved up six places to rank 34th because of its rich natural and cultural resources and strong price competitiveness.  Spain topped the index, followed by France, Germany, Japan and the United States. The ..

India finds problems OECD Services Trade Restrictiveness Index

India has found problems with the current method under which the OECD index –Services Trade Restrictiveness Index (STRI) – ranks countries based on their services trade policies. As per study commissioned by Indian Ministry of Commerce, the outcomes of index are biased and counter-intuitive. For example, the index seems to show the Indian services sector ..