India ranked 49th in World Digital Competitiveness Ranking-2023
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India has been ranked 49th out of 64 economies in the World Digital Competitiveness Ranking (WDCR) released by the International Institute for Management Development (IMD).
According to IMD's study, India has made significant in terms of cybersecurity knowledge but lacks on fronts like technology and future preparedness.
How are IMD World Digital Competitiveness Rankings prepared?
The WDCR is a comprehensive assessment that provides insight into how nations are navigating the digital landscape amid the rise of artificial intelligence (AI).
The ranking, prepared by the IMD World Competitiveness Centre, measures the capacity and readiness of all 64 countries to adopt and explore digital technologies as a key driver for economic transformation in business, government and broader society.
To evaluate an economy, the WDCR examines three factors:
Knowledge, ability to understand and learn new technologies
Technology, ability to develop new digital innovations
Preparing for the future
Countries achieving top positions in the ranking
The United States has topped this year's ranking, cementing its position as a "digital nation."
The Netherlands took second place in the ranking, while Singapore, the leader in the technology factor, took third place.
Denmark slipped to fourth place due to a decline in future preparedness and technology factors.
Switzerland excelled in the knowledge factor and maintained its position in the top five.
India has been ranked 49th out of 64 economies.
In the Asia-Pacific region, India ranked 12th among 14 countries.
Globally, among 27 countries with a population of more than 20 million, India ranked 18th.
In the technology sector, India ranked 50th with challenges in enforcing contracts, wireless broadband and internet users.
International Institute for Management Development (IMD)
IMD is a business education school based in lausanne, Switzerland. Three reports are issued by this.
1. world competitive ranking
2. World Digital Competitiveness Ranking
3. world talent ranking
Ans - India has been ranked 49th out of 64 economies in the World Digital Competitiveness Ranking (WDCR).
Ans - The World Digital Competitiveness Ranking is released by the International Institute for Management Development (IMD).
Ans – The headquarters of International Institute for Management Development (IMD) is located in Lausanne, Switzerland.
Ans - 64 economies have been included in the World Digital Competitiveness Ranking 2023 (WDCR) released by the International Institute for Management Development (IMD).
Ans – United States has been ranked at the top position in the World Digital Competitiveness Ranking 2023.
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