Question
According to the latest Global Competitiveness Ranking
by IMD, which of the following countries is not ranked in the top 5 most competitive economies in the world in 2024?Solution
China is not ranked in the top 5 most competitive economies in the world in 2024. • Top 5 Economies in 2024: 1. Singapore 2. Switzerland 3. Denmark 4. Ireland 5. Hong Kong SAR • India's Rank: India has improved its position in the Global Competitiveness Index, ranking 39th in 2024, up from 43rd in 2020. • China's Position: Although China is recognized as a key player in trade, investment, and innovation, it does not feature in the top 5 economies in 2024. • Competitiveness Criteria: The ranking evaluates countries based on four main factors: economic performance, government efficiency, business efficiency, and infrastructure.
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