What is the India’s rank in the IMD’s world competitiveness rankings 2016?
What is the India’s rank in the IMD’s world competitiveness rankings 2016?
[A]35th
[B]44th
[C]41st
[D]40th
41st
India has been ranked 41 out of 61 countries in the IMD’s world competitiveness rankings 2016. The survey has been conducted by the Switzerland-based International Institute for Management and Development (IMD)’s World Competitiveness Center (WCC). Hong Kong has topped the list, followed by Switzerland, the US, Singapore, Sweden, Denmark, Ireland, the Netherlands, Norway and Canada. The IMD measures how well countries manage all their resources and competencies to facilitate long-term value creation. The overall ranking is based on an analysis of over 340 criteria derived from four principal factors—economic performance, government efficiency, business efficiency and infrastructure.