Related Topics: Reports & Indices, Digital India
Why in News?
The IMD World Digital Competitiveness Ranking 2019 has been released.
- The ranking is produced by the IMD World Competitiveness Center.
- For 30 years, the IMD World Competitiveness Center has pioneered research on how nations and enterprises compete to lay the foundations for future prosperity.
- The Ranking measures the capacity and readiness of 63 nations to adopt and explore digital technologies as a key driver for economic transformation in business, government and wider society.
- To evaluate an economy, WDCR examines three factors: Knowledge, the capacity to understand and learn the new technologies; Technology, the competence to develop new digital innovations; and Future readiness, the preparedness for the coming developments.
- The US was ranked as the world’s most digitally competitive economy, followed by Singapore in the second place.
- Sweden was ranked third, followed by Denmark and Switzerland in the 4th and 5th place, respectively.
- Hong Kong SAR (8th) and the Republic of Korea (10th) entered the top-10 for the first time, while Taiwan and China moved up to 13th and 22nd place, respectively.
- The largest jump in the overall ranking was registered by China, moving from 30th to 22nd, and Indonesia, from 62nd to 56th.
Performance of India
- India advanced from 48th place in 2018 to 44th rank in 2019 as the country has improved overall in all factors — knowledge, technology and future readiness — as compared to the previous year’s ranking.
- India’s improvement in ranking was supported by positive results in talent, training and education as well as the enhancement of technological infrastructure,