Statsguru: India ranks 58th on WEF's global competitiveness index

India ranks 58th out of 140 countries on the World Economic Forum’s (WEF’s) global competitiveness rankings, 2018. The United States leads the latest rankings, followed by Singapore, Germany, Switzerland and Japan. As seen in Chart 1, India ranks behind other emerging economies such as Malaysia, Thailand and Indonesia.  

The global competitiveness rankings are based on a country’s performance on four sub-indices, namely enabling environment, human capital, markets and the innovation ecosystem it offers (Chart 2). Performance on each of these sub-indices is in turn measured through select indicators. 

As shown in Chart 3, India fares poorly on human capital, ranking