Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.381)


What is the position of India in the most competitive economy across the world?

[A]. 43
[B]. 28
[C]. 32
[D]. 55

Answer: Option A


India secured 43rd rank in the most competitive economy across the world and Singapore topped the chart by toppling the US from the first position and Hong Kong SAR ranked 2nd place as same as last year. The US ranked 3rd in the ranking. Switzerland ranked 4th in the ranking. UAE first time entered into the top 5 rankings. Last year in 2018 UAE ranked 7th. Venezuela ranked last in the rankings due to high inflation, poor access to credit and a weak economy. The improvement of India's rank resulted of its robust economic growth, large labour force and its huge market size.

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