BRICS Performance – China stood as the best performer among. The World Economic Forum in 2018 introduced the Global Competitiveness Index (GCI) 4.0 which is an economic compass to measure the countries’ productivity across 12 pillars and 103 indicators. The report, which covers 125 economies and 114 cities, is based on research conducted by in partnership with The Adecco Group and Tata Communications. Best current affairs & GK article on 2017 Global Competitiveness Index The annual Global Competitiveness Index (GCI) compiled by Geneva-based World Economic Forum (WEF) is released. It is a composite indicator that assesses the set of factors that determine an economy’s level of productivity – widely considered as the most important determinant of long-term growth. LTD This year’s Global Talent Competitiveness Index (GTCI), which includes 132 countries, focuses on AI and talent competitiveness. (More the score, better the rank.). Global Gender Gap Index for 2020: Key findings Globally, the average (population-weighted) distance completed to gender parity is at 68.6%, which is an improvement since last edition. 40 in the global competitiveness ranking of 137 countries by the World Economic Forum (WEF). TFP is the ratio of aggregate outputs to the aggregate inputs and is considered as the primary contributor to the GDP growth rate. India is also ranked low at 118th in terms of meritocracy and incentivisation and at 107th place for skills. Global Competitiveness Index 2019: India slipped down ten places to be ranked 68th in the annual Global Competitiveness Index 2019. Knowledge also remains of paramount importance for the digital performance of different economies,” stated Professor Arturo Bris , Director of the IMD World Competitiveness Center. The factors of competitive advantage are quality, price, location, selection, service and speed/turnaround. Current Affairs, GK & News related notes on 2017 Global Competitiveness Index topic for UPSC, Civil Services, Banking and other Competitive Examinations of India. A/C No: xxxxxxxxxx2695 Besides, India needs to grow its skills base, while its product market efficiency is undermined by a lack of trade openness. A few South Asian countries’ rankings are mentioned below: India ranks at 25 among 141 countries in technological governance that shows how fast is the legal framework adapting to the digital business models in the economies. In this sixth edition, Switzerland continues to lead the 2019 Global Talent Competitiveness index, while Singapore and the United States come in second and third respectively. From UPSC perspective, the following things are important : Mains level : Ease of doing business in India, India ranked second for shareholder governance. Launched with funding from the Bill & Melinda Gates Foundation, the database has been published every three years since 2011. the long-standing Global Competitiveness Index (GCI) rankings have been paused. Singapore has become the world’s most competitive economy in 2019, pushing the US to second place. GLOBAL COMPETITIVENESS INDEX GLOBAL COMPETITIVENESS INDEX – The latest edition of the Global Competitiveness Report ranks India at 68th position among 141 countries – that’s 10 ranks below its 2018 position in The reason mentioned for this fall is the “faster improvement of various countries which previously ranked lower.” India scored 61.4 in the Global Competitiveness Report 2019. The annual Global Competitiveness Index (GCI) compiled by Geneva-based World Economic Forum (WEF) is released. The Global Competitiveness Report 2019 reveals an average across the 141 economies covered of 61 points. India has moved down 10 places to rank 68. Global Talent Competitiveness Index JLL Real Estate Services, US City Momentum Index Health Effects Institute , Boston State of Global Air 2017 Report Social Progress Imperative Social Progress Index … Increase in hunger with 826 million people affected by it. Complement your UPSC preparation with the help of following links: The Global Competitiveness Index measures countries’ national competitiveness that determines their productivity. It was launched in 1979.It ranks the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. 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These reports are most important in exam point of perspective. Singapore has become the world’s most competitive economy in 2019, pushing the U.S. to the second place. Read more about ASEAN in the linked article. Along with the report, WEF publishes global competitiveness index 4.0. To access the same, a google account is a must. Ans. Global Talent Competitiveness Index Launched in 2013, the GTCI is an annual benchmarking report that measures the ability of countries to compete for talent. What aided it? South Asia Performance – India ranked at the top in the South Asia region followed by Sri Lanka. Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity, according to data from the World Economic Forum’s Global Competitiveness Report 2017-2018. Try this PYQ from CSP 2019. Every year questions from these Indices & Reports for UPSC Prelims. More about the Index: On the list of 140 economies, […] India ranks high in terms of macroeconomic stability and market size, while its financial sector is relatively deep and stable despite the high delinquency rate, which contributes to weakening the soundness of its banking system. In this post, as a continuation, we have prepared the list of indices and associated organisations. In the Global Competitive Report 2019 released by the World Economic Forum India has slipped down to 68th position out of 141 economies. India was ranked 40 th in 2018. Ans. ... Gravitational Wave Observatory, Global Competitiveness Index, Global Gender Gap Index, International Religious Freedom Report and many more. In terms of the market size, India is ranked third, while it has got the same rank for renewable energy regulation. India has moved up six places to rank 34 th on the World Travel and Tourism Competitiveness Index 2019, released by the World Economic Forum. Key Points. The rate of extreme poverty reduction is decreasing. Global Competitiveness Index . Get all the relevant details about the report along with GCI 4.0 in this article for the IAS Exam preparation. This is almost 40 points short of the “frontier”. Santhosh Kumar. Red Book… (784 million people were hunger-stricken in 2015.). Singapore has become the world’s most competitive economy in 2019, pushing the U.S. to the second place. UPSC Civil Services Examination Subject – GS-II Topic – Global Talent Competitiveness Index 2020 'Enable', 'attract', 'grow', 'retain' are the pillars of the annual bench-marking report called Global Talent Competitiveness Index Global Financial System Report. The Global Competitiveness Index (GCI), which was launched in 1979, maps the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. Click here for Reading ModeContext: India has been ranked as the 58th most competitive economy on the World Economic Forum’s global competitiveness index for 2018, which was topped by the US. What is an index? The World Economic Forum has released the Travel & Tourism Competitiveness Report and Index in september 2019. We have gathered and collected from different sources. Your email address will not be published. An index a sign or measure of something … WEF has flagged limited ICT (information, communications and technology) adoption, poor health conditions and low healthy life expectancy. Global Industry Competitiveness Index 2020 Die Schweiz erreicht sowohl in der Pharma- als auch in der Chemiebranche eine Positionierung in der Spitzengruppe des Global Industry Competitive- Key Facts Top 5 Countries: Switzerland (1st), Singapore (2nd), United States (3rd), Netherlands (4th) and Germany (5th). Q. Hong Kong SAR is ranked 3rd, Netherlands is 4th and Switzerland is ranked 5th. Global findings: In this sixth edition, Switzerland continues to lead the 2019 Global Talent Competitiveness index, while Singapore and the United States come in second and third respectively . India has been ranked 39th among the 138 countries in the 2016-17 Global Competitiveness Index (GCI). The 2019 edition of the index covers 141 economies which is equal to 99% of the world GDP. In economics and finance, an index is a statistical measure of changes in a representative group of individual data points. The World Bank has released its Global Economic Prospects (GEP) 2020 report. Global competitive advantage will mean having the best technologies and processes for designing, manufacturing, selling and servicing products at the lowest possible cost. It was first launched in 1979. The most improved country in South Asia is Sri Lanka. The Global Competitiveness Index (GCI) was launched in 1979. It is a global competitiveness gap that is particularly concerning, given the world economy faces the prospect of a downturn. India ranks in the 2019 Global Hunger Index in 102nd out of 117 qualifying countries. Besides, India also punches above its development status when it comes to innovation, which is well ahead of most emerging economies and on par with several advanced economies. Q. India ranks high in terms of macroeconomic stability and market size, while its financial sector is relatively deep and stable despite the high delinquency rate, which contributes to weakening the soundness of its banking system. What is the rank of India in the global hunger index? India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year). Nuclear Organisations Indices Index Reports 1 Technical Cooperation Report International Atomic Energy Agency (IAEA) 2. 3. Spain, France, Germany, Japan and the Author. Spain, France, Germany, Japan and the United States are the world’s most travel-ready nations. The Global Competitiveness Report 2019 reveals an average across the 141 economies covered of 61 points. India’s best performance on some of the important pillars of the global competitiveness report are mentioned below: India’s poor performance in other pillars of global competitiveness report 2019 is mentioned below. Singapore has become the world’s most competitive economy in 2019, pushing the U.S. to the second place. Relevance: Mains: G.S paper II: Polity: International Institutions and Index Launched for the first time in 2013, the Global Talent Competitiveness Index (GTCI) is an annual benchmarking report that measures the ability of countries to compete for talent. 41 economies have shown a decline in competitiveness which includes five countries (US, Japan, UK, Canada, and Germany) of G7. In the overall ranking, India is followed by some of its neighbours including Sri Lanka at 84th place, Bangladesh at 105th, Nepal at 108th and Pakistan at 110th place. Ans. The GCI was launched in 1979, maps the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. The index is based on 103 indicators and data from international organisations as well as the World Economic Forum. We are not only “consumers” in the business environment, we also have a role in shaping the right framework for success. Ans. The three countries are followed by Hong Kong, South Korea, Georgia, Norway, U.S, U.K, and Macedonia. The GTCI introduces the dimension of talent/human capital and its connection to competitiveness. India is ranked also high at 15th place in terms of corporate governance, while it is ranked second globally for shareholder governance. The World Economic Forum’s Global Competitiveness Index 4.0 is a composite indicator that assesses the set of factors that determine an economy’s level of productivity – widely considered as the most important determinant of long-term growth. The growth is aided by what India has always been famous for in the West—price competitiveness, or in other words, being a cheap destination that has rich natural and cultural resources. The pillars, which cover broad socio-economic elements are: institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labour market, the financial system, market … Reply. Its latest rank is 80 out of 137 countries for 2017. It maps the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. China is ranked 28th (the highest ranked among the BRICS) while Vietnam is the most improved country in the region this year at 67th place. The score is given between 0 and 100. In 2019, India’s rank in Global Competitiveness Index 4.0 is 68. What is the rank of India in the World Happiness Index 2020? Brief about Global Competitiveness Report for UPSC Prelims 2021. Average Total factor productivity (TFP) annual growth rate was 1 percent for advanced economies and 2.8 percent for emerging and developing economies. Global Competitiveness Report The Global Competitiveness Report 2016-17 published by the World Economic Forum (WEF) featuring the Global Competitiveness Index , the Report assesses the competitiveness landscape of 138 economies, providing unique insight into the drivers of their productivity and prosperity. The index is annually published by WEF to gauge on the opportunities and the challenges that are created within and between economies, in the era of fourth industrial revolution and polarization. The global competitiveness report 2019 was published in October 2019. The Global competitiveness rankings are mentioned below in comparison to their 2018 rankings: Read more about G7 at the linked article. Qn UPSC 2017 CSE Prelims: Which of the following gives ‘Global Gender Gap Index’ ranking to the countries of the world? Country competitiveness improves as companies operating in it increase their productivity. Get other important international organizations’ reports below: The WEF’s global competitiveness report evaluates countries’ productivity and competitiveness in relation to 103 indicators spread across 12 pillars. India’s ranking improved from 40th to 34th, the greatest improvement over 2017 among the top 25 per cent of all countries ranked in the report About theTravel & Tourism competitiveness Index September 28, 2016. World Development Report, 2020 by World Bank. For example, Human Development Index (HDI) is prepared by UNDP as part of Human Development Report. The country with the highest improvement across the globe is Vietnam. About The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risk. BIS (Bank for International Settlements) Singapore with a score of 84.8 took the top spot in this year’s index, pushing the United States to the second spot.The top-five economies in the Global Competitiveness Index 2019 included Singapore, US, Hong Kong, Netherlands and Switzerland. The global competitiveness report is published by the World Economic Forum (WEF). India remains the most competitive country in South Asia, appearing at No. Yemen has finished at the bottom of this year’s index at 125th, just below Congo (124th) and Burundi (123rd). Global Competitiveness Report 2020 & Global Competitiveness Index 2020 – UPSC Notes:-Download PDF Here, Your email address will not be published. Addressing the theme of Global Talent in the Age of Artificial Intelligence, this seventh edition of GTCI explores how the development of Artificial Intelligence (AI) is changing the nature of work and forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems. (a) World Economic Forum The Global Competitiveness Index 2019 ranks 140 countries on the basis of 98 indicators organised into 12 pillars. 141 countries have been ranked in the global competitiveness index 2019. Compared to global benchmarks, the country can also add price competitiveness (13th) to its roster of strengths, the report noted. The Global Competitiveness Index measures countries’ national competitiveness that determines their productivity. Dear Students,UPSC has time and again asked questions on reports and indices released by important international and national organizations in Prelims examination.In this post, we will discuss important Economy-related reports and indices released by international organizations since the 2018-19. This is largely due to improvements witnessed by several other economies. Global Economic Prospects (GEP) Q. The presence of many competitive countries in Asia-Pacific makes this region the most competitive in the world, followed closely by Europe and North America. It maps the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. It is the worst performing among the BRICS nations along with Brazil that is ranked at 71. INDEX / REPORT PUBLISHED BY INDIA’S RANKING & KEY HIGHLIGHTS Global Competitiveness Report & Index, 2019 World Economic Forum (WEF) India rank: 68/141 (Slipped down 10 ranks, from 58/140 in 2018) The annual Global Competitiveness Index is compiled by the Geneva-based World Economic Forum (WEF). This is the fourth version of the global competitiveness index – hence referred to as GCI 4.0 – and it was introduced in 2018. Ans. Adapting to this new way of working is important for countries to grow their economies and stay globally competitive. These data may be derived from any number of sources. India has moved up six places to rank 34 th on the World Travel and Tourism Competitiveness Index 2019, released by the World Economic Forum. Brazil went down by 8 in rank for the Global Competitiveness Index from 2007 to 2017. APEIROGON TECHNOLOGIES PVT. These pillars are evaluated to score nations in the global competitiveness index: The list below presents the global findings of the report: India’s rank fell from 58 to 68 in Global Competitiveness ranking 2019. The index was released as part of the World Economic Forum’s (WEF) Global Competitiveness Report for 2016-17. Singapore topped the index while Chad was at the bottom. Yemen has finished at the bottom of this year’s index at 125th , … This highlights the important and crucial role of the private sector in improving national competitiveness. Source: World Economic Forum. The Global Competitiveness Report (GCR)[1] is a yearly report published by the World Economic Forum. Global Competitiveness Index 2019: Key Highlights • Singapore with a score of 84.8 took the top spot in Global Competitiveness Index 2019, pushing the United States to the second spot. The annual Global Competitiveness Index (GCI) compiled by Geneva-based World Economic Forum (WEF) is released. 0. 12 pillars are covered under four frameworks of the global competitiveness report: Lease Developing Countries (LDCs) have missed the UN’s Sustainable Development Goal 8’s target of 7% growth since 2015. The largest gender disparity is in political We ask students to login via google as we share a lot of our content over google drive. A/C Name: APEIROGON TECHNOLOGIES PVT. This is almost 40 points short of the “frontier”. The Global Competitiveness Index 2019 (GCI 4.0) has been released by the World Economic Forum (WEF). व श व आर थ क म च (World Economic Forum) द व र 17 अक ट बर, 2018 क ज र ‘व श व क प रत स पर ध स चक क’ 2018 (Global Competitiveness Index 2018: GCI 4.0) म भ रत क 58व र क ग Factors of competitive advantage are quality, price, location, selection, service speed/turnaround... Of 117 qualifying countries Bill & Melinda Gates Foundation, the largest gain among G20.... 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