The Global Competitiveness Index integrates well-established facets with new and emerging drivers that determine productivity and growth of a country. These facets are systematized into 12 pillars, reflecting the level and complexity of the drivers of productivity and the competitiveness ecosystem. The key drivers are Infrastructure; ICT adoption; Macroeconomic stability; Health; Skills; Product market; Labour market; Financial system; Market size; Business dynamism; and Innovation capability.
India is ranked 58 out of 140 countries on the Global Competitiveness Index of the year 2018.1 Significantly, a new methodology for the index takes into account future-readiness. This includes adaptability and agility in the context of Industry 4.0. India ranks number 3 in the market size parameter.2