INDIA'S RANK in the Global Competetive Index dropped to 59 from 56 2012_2013 report

India’s Rank in the Global Competitive Index
As per the latest Global Competitiveness
Report 2012-13, brought out by World Economic
Forum, a Swiss non-profit foundation based in
Geneva, India ranks 59 th amongst 144 economies
in the Global Competitiveness Index for 2012-13, as
against 56 th position out of 142 economies covered
in 2011-12.
The Global Competitiveness Index (GCI)
measures the competitive performance of the
economies around the world for doing business. It
is a composite index that combines three
component indices covering 12 different
parameters (termed ‘pillars’).

Index is measured by 3 components under which their is three basic requirements

1. Basic Requirements 60% weightage

      a. Institution
      b. Infrastructure
      c. Health & primary education
      d. Macro economic environment.

2. Efficiency enhancers (35%) weightage

   A. Higher education and training
   B. Goods  market efficiency.
   C. Market labour efficiency.
   D. Financial market  development.
   E. Market size
    F. Technology readiness.

3. Innovation and sophistication factor.

A. Innovation
B. Business sophistication.