The World Economic Forum has released a report on competitiveness by ranking 37 countries on 10 parameters.
These parameters are used to gauge a country's response to the pandemic and steps taken for a potential recovery. India has scored below the global average on 8 out of 10 parameters.
In education and skilling to improve job prospects of citizens - India has scored 43.5 out of 100. The global average is over 55 and Finland is the top scoring nation at 75.
Next is about rethinking labour laws and providing social protection- India has scored just over 44 and the global average is over 61.
The next parameter is incentivising investment in research and development. Here, India scores a paltry 32 out of 100 when the global average is nearly 42. The United States leads R&D spending.
The only parameter where India has fared better than the global average is on progressive taxation. India has scored nearly 56 out of 100 and the global average is 50.
To discuss the findings of the survey, Shereen Bhan spoke to Saadia Zahidi, MD of World Economic Forum.Watch video for more.