India moves one notch up to 44th rank in IMD's competitiveness rankings
Updated : May 24, 2018 09:54 AM IST
India has moved one notch higher, to the 44th place in terms of competitiveness, in the annual rankings compiled by International Institute for Management Development (IMD) which placed the US in the top slot.
The US became the most competitive economy globally driven by its strength in economic performance and infrastructure, followed by Hong Kong and Singapore in the second and third place, respectively.
The Netherlands and Switzerland were the other two nations in the top five slots.