India maintained 43rd rank on an annual World Competitiveness Index compiled by the Institute for Management Development (IMD) that examined the impact of COVID-19 on economies around the world this year. The 64-nation list was led by Switzerland, while Sweden has moved up to the second position (from sixth last year), Denmark has lost one place to rank third, the Netherlands has retained its fourth place and Singapore has slipped to the fifth place (from first in 2020). At eighth, Taiwan reached the top-10 for the first time since the ranking began 33 years ago (moving up from 11th last year).
Rankings measure how well countries manage their economic and human resources to increase their prosperity.
Recovery of financial markets pushed the US and Hong Kong to first place.
: SDM Institute for Management Development, Mysore, invites applications for its two-year Post-graduate Diploma in Business Administration programme.
Enrico Piperno, who was also India's Fed Cup coach says, lack of funding, support and infrastructure will cease creation of a top-50 player
Industries with the highest number of top-rated companies at risk were hospitality/travel, media and entertainment, retail, financial services and consumer goods/manufacturing
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