In 2013, it ranked 68th out of 144 countries.
According to the 13th edition of the Global Information Technology Report 2014, little progress has been made in bridging the gap between the world's most networked economies and the rest of the world.
Many large emerging economies continue to struggle to realise their full digital potential and feature lower down the index, while developed economies feature on the top.
Among emerging market economies, China was placed on the 62nd position, Brazil (69th), Mexico (79th) and India (83rd).
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"India's networked readiness profile remains hindered by the quality of its political, regulatory, and business environment and its lack of digital infrastructure," the report said.
Finland was placed in the first place, followed by Singapore and Sweden in the second and third spots.
Other economies in the top ten include, the Netherlands (4th), Norway (5th) and Switzerland (6th), the United States (7th) Hong Kong SAR (8th) the United Kingdom (9th) and the Republic of Korea (10th).
The report is the result of a long-standing partnership between the WEF and INSEAD, and since last year, also with the Samuel Curtis Johnson Graduate School of Management at Cornell University.