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India ranked 49th in World Digital Competitiveness Ranking-2023

Utkarsh Classes 02-12-2023
India ranked 49th in World Digital Competitiveness Ranking-2023 International news 3 min read

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's ranking

  • 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

FAQ

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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