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<ul><li>India slipped ten places in the <keyword id="2040615" type="PERSON" weightage="20" keywordseo="Global-Competitiveness-Index">Global Competitiveness Index</keyword>, ranking at 68.</li><li>The country’s ICT technology innovation capacity is growing but isn’t backed by investment in human capital.</li><li>India’s overall score is relatively stable but countries ranked near India demonstrated more growth.</li></ul>Getting more people online has been the goal of the current Indian government since its rise to power. Fall in the price of 3G and 4G data has also made it more affordable for people to connect to the internet. Despite these strides, India fell 10 places in the World Economic Forum’s (WEF) <a href="http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf">Global Competitiveness Index</a>, ranking at 68. India’s slip in the rankings is only partially because of the fall in its score — a drop of 0.7 points. The report notes that a greater factor may have been because other countries — which were previously ranked lower on the Global Competitiveness Index — have shown faster improvement, especially when it comes to the adoption of information and technology. India has improved significantly since 2017, but information and communication technology (ICT) continues to remain a challenge due to underlying factors like women participation in the workforce and weak workers’ policies. India and other emerging economies are also showing signs of stagnation and slowdown since their growth has largely been ‘anaemic’ — or unequal. India’s mixed results More ICT means more innovation, according to the WEF. In order to deal with the growth of their innovation capacity, emerging economies — like China, India and Brazil — need to strengthen their skills and labour market. Technological integration is good on paper. But, without human capital investment, it remains largely inadequate. India performed well in terms of innovation, ranking 35th in the world. But, it falls short when it comes to other foundational enablers of competitiveness on the Global Competitiveness Index. The one thing that does work in India’s favour is its market size. Even its financial sector ranks better than most other countries despite the high delinquency rate — that’s not to say that the banking system has not weakened. On the other hand, India ranks as low as 107th when it comes to skills, and is at 101th in terms of product market efficiency. The country’s labour market needs transformation in order to protect its workers and also encourage female participation in the world place — which is abysmally low at a rank of 128 — according to the WEF. This is also reflected the level of inequality in India. Income share of the top 10% in the country is higher than levels seen in the US, China and even Russia. India’s progress was good — Others were better The East Asia and Pacific region is the most competitive in the world. Countries like Singapore, Japan and Taiwan lead the charge on the rest of the world. In fact, Singapore holds the highest rank on the Global Competitive Index. But India lags woefully behind, according to the WEF. Countries ranked near India all show small, but significant improvements in their score. Vietnam, for instance, is ranked 67 and moved up 10 places in the index showing 3.5 points of improvement. Azerbaijan made an even greater jump of 11 places even though its competitive score only increased by 2.7 points to rank at 58. Turkey was able to maintain its rank at 61 but only because its performance improved by 0.5 points. One of the reasons for its improved competitiveness is the diffusion of the Internet across the country. Turkey’s also has more women participating in the workforce and has strengthened workers’ rights. Colombia, 57th on the Global Competitive Index, moved up three places brushing up its score by 1.1 points. India vs BRICS Among the BRICS nations, China is the best performer, maintaining its 28th position and outranking the Russian Federation at 43. That’s 40 places and 14 points ahead of India on the Global Competitive Index. China’s performance is almost at par with OECD standards. In fact, its ICT adoption outperforms all 25 of the OECD countries. South Africa, also moved up 7 places in the Global Competitive Index with a score improvement of 1.7 points ranking at 60. The only BRICS nation to rank lower than India is Brazil at 71. See also: <a href="https://www.businessinsider.in/tech/news/india-is-as-prepared-as-us-or-australia-to-welcome-the-5g-era/articleshow/71499916.cms" style="">India is as prepared as US or Australia to welcome the 5G era</a> <a href="https://www.businessinsider.in/digital-india-mckinsey-report-analysis-of-indias-digital-economy/articleshow/68686474.cms" style="">India is digitising fast but the pace is leaving many behind</a> <a href="https://www.businessinsider.in/indias-schools-to-get-digital-boards/articleshow/68099142.cms" style="">From blackboards to digital boards: India infuses ₹90 billion to modernise classrooms</a>

India falls 10 places in Global Competitive Index as others race ahead in technology

<a href="http://www.businessinsider.in/searchresult.cms?query=Indian+economy">India</a> has improved a lot in competitiveness of the country’s institutions and macroeconomic environment and it is showing. Among <a href="http://www.businessinsider.in/searchresult.cms?query=emerging+economies">emerging economies</a>, India has ended five years of decline. 
 
India moved up 16 positions to rank 55th on a global index of the world's most <a href="http://www.businessinsider.in/searchresult.cms?query=competitive+economies">competitive economies</a>. The list was topped by Switzerland. 
 
This is an indication that India has improved slightly in infrastructure, the <a href="http://www.businessinsider.in/searchresult.cms?query=World+Economic+Forum+">World Economic Forum</a> (WEF) said in its latest Global Competitiveness Report. 
 
The top five countries that featured in the report were Switzerland, Singapore, the US, Germany and the Netherlands. 
Nations like Japan, Hong Kong, Finland, Sweden and the UK were in top ten. 
 
According to WEF, the most problematic <a href="http://www.businessinsider.in/searchresult.cms?query=ease+of+doing+business">factors for doing business in India</a> include corruption, policy instability, inflation and access to finance. 
 However, India ranked better in areas like investor protection, gross national savings, quality of education system, <keyword id="6357097" type="COMPANY" weightage="20" keywordseo="venture-capital">venture capital</keyword> availability, hiring and firing practices, <a href="http://www.businessinsider.in/searchresult.cms?query=GDP">GDP</a> and domestic market size, public trust in politicians and burden of government regulation. 
Meanwhile, <a href="http://www.businessinsider.in/searchresult.cms?query=china">China</a> was at 28th spot. 
 
In terms of competitiveness of its institutions, India is ranked 60th (out of total 140 countries and up 10 positions from last year), while for infrastructure it has gained six places to 81st. 
 
For macroeconomic environment, India is ranked 91st, helped by a reduction in commodity prices and improvement in the government's budget deficit. 
 
Geneva-based think-tank, WEF, said its survey of top executives also finds corruption followed by political instability and inflation, as the most problematic factor to doing business in the country. 
 
The study, released today, assesses 140 countries on the basis of factors driving their productivity and prosperity. 
 
(Image: Thinkstock)

India
is unapologetically baring its fangs, moves up 16 places to the 55th spot on
global competitiveness index

<ul><li>India has moved 5 places up in the <keyword id="69007" type="COMPANY" weightage="20" keywordseo="World-Economic-Forum">World Economic Forum</keyword>’s Global Competitiveness Index (GCI) report. </li><li>Among the G-20 countries, India has made the most headway in moving up the list. </li><li>While Pakistan, Nepal and Bangladesh did worse on the GCI , China remained ahead of India ranking 28th. </li></ul>Despite the widening current account deficit and falling rupee, India has secured 58th position in the 2018 edition of annual <a href="http://www3.weforum.org/docs/GCR2018/05FullReport/TheGlobalCompetitivenessReport2018.pdf">Global Competitiveness Index</a> published by World Economic Forum (WEC). Not only is this an improvement over last year, but India has shown the most improvement among the G-20 countries by moving up five places in the 4th edition of the GCI 4.0. As per the report, the quality of research, business dynamism and innovation were the major drivers behind increase in India’s level of productivity. In fact, even the <keyword id="6354424" type="COMPANY" weightage="20" keywordseo="world-bank">World Bank</keyword>’s report on the Ease of Doing Business 2018 <a href="https://thediplomat.com/2017/11/the-ease-of-doing-business-in-india/">pointed out</a> how India was among the top five reformers jumping up from being 130th to 100th on their index. The country scored well in all the other parameters but fell short when it came to health, education and skills. Product Market, skills and labour market are some of the areas that have been highlighted as needing improvement. US dominated <a href="https://www.weforum.org/agenda/2018/10/most-competitive-economies-global-competitiveness-report-2018/">the list</a> by being the closest country to the competitiveness frontier. Other countries which were in the top 10 include Singapore, Germany, Switzerland, Japan, Netherlands, Hong Kong SAR, United Kingdom, Sweden and Denmark. At the other end of the spectrum were the least competitive countries of Haiti, Yemen and Chad. India’s closest rival, China, which is also a member of G-20 has secured the 28th position. In contrast, Pakistan (107), Sri Lanka (85), Nepal (109) and Bangladesh (103) are still behind India. Looking at the BRICS nations specifically, China leads the economies with a score of 72.6 at its rank of 28 while the Russian Federation ranked 43 and Brazil stood at 72. It’s been forty years that the WEC has been publishing the GCI index, an annual publication. The aim of the GCI is to determine the level of productivity in an economy. This new edition of the GCI was measured using 98 indicators and 12 pillars.

India shows the most improvement in competitiveness among the G-20 countries: Report

<ul class="summary-list"><li>Switzerland ranked at the top of INSEAD's 2023 Global Talent Competitiveness Index.</li><li>The index analyzed countries' abilities to enable, attract, grow, and retain talent.</li></ul>Many talented workers are packing their bags and flocking to <a target="_blank" href="https://www.businessinsider.com/switzerland-best-country-business-friendly-tax-us-most-powerful-2022-9">Switzerland</a> and Singapore.<a target="_blank" href="https://www.businessinsider.com/top-ten-countries-for-a-comfortable-retirement-2023-9">Switzerland</a> is once again the world's most talent-competitive country, INSEAD's <a target="_blank" href="https://www.insead.edu/system/files/2023-11/gtci-2023-report.pdf">2023 Global Talent Competitiveness Index</a> found. The index analyzed six pillars for 134 countries such as each country's ability to enable, attract, grow, and retain talent, as well as the quality of vocational and technical skills and global knowledge skills.The list has remained rather steady at the top over the last decade of the index, dominated by wealthier countries that more easily attract talent.It's likely that <a target="_blank" href="https://www.businessinsider.com/jobs-ai-chatgpt-career-change-reskilling-tech-training-workers-disruptions-2023-11">AI</a> could further separate robust labor markets from less advanced ones, the report noted. And amid global economic uncertainty impacting trade and investments, INSEAD predicts these so-called "talent wars" to continue.Switzerland has held the top spot on the list for 10 consecutive years. Switzerland is the global leader in enabling and retaining talent, the report found, and it ranked second in vocational and technical skills. It also ranked first in sustainability, as it has high levels of social protection and a high-quality natural environment.Switzerland also ranked as the best country in the world, according to a <a target="_blank" rel=" nofollow" href="https://www.usnews.com/news/best-countries/rankings">U.S. News &amp; World Report analysis</a> released in September.Singapore, which ranked second, topped the list for high-level skills and talent impact. It also was in the top three for its ability to attract and grow talent, and well as its vocational and technical skills, in part due to its top-ranked formal education. The report noted how Singapore has a strong ability to match workforce supply with labor market demand, and the nation also placed fourth for external openness for attracting overseas business and talent.The US placed third overall after ranking fourth last year. The US is the global leader for growth and vocational and technical skills, as well as placed first for lifelong learning and second for formal education. The US also came in sixth for mid-level skills and employability, though it was only 22nd for attracting talent.European countries made up 17 of the top 25 positions in the index, though the United States, Australia, and Canada all were in the top 15. Notably, Japan, Spain, and Italy were not in the top 25.China ranked 40th, up from 47th last year, though India was only 103rd in the index. Though India is projected to become the world's third-largest economy, a "slump in business sentiment" has prevented India from attracting strong talent.

10 countries where talented workers are moving

<keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s rank on the <keyword id="20020435" type="General" weightage="20" keywordseo="World-Economic-Forum" source="keywords">World Economic Forum</keyword>'s <keyword id="21747126" type="General" weightage="20" keywordseo="Travel-Tourism-Development-Index-2024" source="Orion">Travel &amp; Tourism Development Index 2024</keyword> has risen to 39th place, with global tourism activities returning to pre-pandemic levels, the annual report showed on Tuesday. While the US topped the list, India is ranked highest in South Asia and among the lower-middle-income economies, the <keyword id="102110" type="General" weightage="20" keywordseo="WEF" source="Orion">WEF</keyword> said. India was ranked 54th in the previously published index in 2021, though changes made to the index parameters limit its comparability to earlier years. After the US, Spain, Japan, France and Australia figure among the top five in the 2024 list. The index, prepared in collaboration with the University of Surrey, showed India is highly price-competitive (18th) and boasts competitive Air Transport (26th) and Ground and Port (25th) infrastructure. In particular, India's strong Natural (6th), Cultural (9th) and Non-Leisure (9th) Resources help drive travel, and the country is only one of three to score in the top 10 for all the resource pillars, the WEF said. Moreover, despite a decline compared to 2019, the country still scores well for <keyword id="2173225" type="General" weightage="20" keywordseo="travel-and-tourism" source="Orion">travel and tourism</keyword> demand sustainability, especially thanks to more sustainable long stays among inbound visitors. It further said that as with many economies, travel and tourism enabling conditions in India have been impacted by global inflationary supply-side trends for the sector, with price competitiveness declining, while air transport and tourist services infrastructure are yet to recover to the 2019 level. As a result, the country's overall TTDI (Travel and Tourism Development Index) score is 2.1 per cent below its 2019 level. High-income economies in Europe and Asia-Pacific continued to lead the index. "International tourist arrivals and the travel and tourism sector's contribution to global GDP are expected to return to pre-pandemic levels this year, driven by the lifting of COVID-19-related travel restrictions and strong pent-up demand," the WEF said. The Middle East had the highest recovery rates in international tourist arrivals (20 per cent above the 2019 level), while Europe, Africa and the Americas all showed a strong recovery of around 90 per cent in 2023. The biennial index analysed the travel and tourism sectors of 119 countries around a range of factors and policies. Germany was ranked 6th, followed by the UK, China, Italy and Switzerland in the top ten. The results highlighted that high-income economies generally continue to have more favourable conditions for travel and tourism development. This was helped by conducive business environments, dynamic labour markets, open travel policies, strong transport and tourism infrastructure, and well-developed natural, cultural and non-leisure attractions.

India rises to rank 39th on WEF's Travel & Tourism Development Index 2024, becomes highest ranked South Asian nation

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">REUTERS/Philimon BulawayoProtesters calling for Zimbabwean President Robert Mugabe to step down cheer in front of a military vehicle in Harare, Zimbabwe, November 18, 2017.</div></div></div>The World Economic Forum has released its annual corruption index as part of its Global Competitiveness Report.Using a methodology linked to Transparency International's annual Corruption Perception Index, the WEF ranks 140 countries out of 100 for the level of corruption within their society. A score of 100 means a country is entirely without corruption, while 0 is the most corrupt possible. All the countries featured on this list score 30 or less.The countries seen as most corrupt tend to be in Africa, Central America, and the Middle East, in societies with weak legal and governmental systems and widespread poverty. For instance, Yemen, which is in the middle of a brutal civil war, is ranked as the most corrupt nation by the Global Competitiveness Report. A handful of the world's 20 largest economies also make it onto the list, however.Check out the world's most corrupt nations below.

The 31 most corrupt countries in the world

New Delhi, The Indian services sector expanded at the strongest rate in 12 years in February supported by <keyword id="16692020" type="General" weightage="20" keywordseo="favourable-demand-conditions" source="Orion">favourable demand conditions</keyword> and new business gains, a monthly survey said on Friday. The seasonally adjusted <keyword id="14109905" type="General" weightage="20" keywordseo="sp-global-india-services-pmi" source="Orion">S&amp;P Global India Services PMI</keyword> Business Activity Index rose from 57.2 in January to 59.4 in February -- its highest level in 12 years. For the 19th straight month, the headline figure was above the neutral 50 threshold. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. "The service sector more than regained the growth momentum lost in January, posting the sharpest expansion in output for 12 years as demand resilience and competitive pricing policies underpinned the joint-best upturn in sales over the same period," said Pollyanna De Lima, Economics Associate Director at S&amp;P Global Market Intelligence. On the prices front, there was substantial moderation in cost pressures as input prices increased at the slowest pace in nearly two-and-a-half years and output charge inflation softened to a 12-month low. New orders placed with service providers rose further in February, with several firms suggesting that competitive pricing boosted sales, the survey said. Still, capacity pressures remained mild and jobs rose only marginally, it added. "Despite the strong upturn in new business intakes, service providers noted only mild pressure on their capacities and, as a result, a large proportion of firms left payroll numbers unchanged," Lima said, adding that hiring growth was also dampened by a lack of confidence in the business environment. The degree of optimism recorded in February was the lowest for seven months and below the historical trend as some companies doubted demand would remain this resilient. Others displayed concerns surrounding fierce competition for new work. Meanwhile, the S&amp;P Global India Composite PMI Output Index -- which measures combined services and manufacturing output -- rose from 57.5 in January to 59 in February, highlighting a sharp and stronger rate of expansion. "Services firms also recorded a faster upturn in new business than their manufacturing counterparts. At the composite level, sales expanded at the joint-quickest rate in 11 years," the survey said. The S&amp;P Global India Services PMI is compiled by S&amp;P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Data collection began in December 2005.

India's services sector PMI hits 12-year high in February

The highlights of Monday's economic calendar are data on the manufacturing sector during April.Markit Economics' final purchasing manager's index came in at 50.8, unchanged from the preliminary reading. This print indicated that the manufacturing economy barely grew or contracted. But it pointed to the weakest performance since September 2009. After a brief resurgence in the last few months, new business growth slowed to the slowest pace so far seen in 2016. At 10 a.m., the ISM manufacturing index is expected at 52, up from 51.5 in the prior period. Two of the big challenges the sector has faced in the last few years have been reversing course. Crude oil prices have risen about 20% this year. And, the broad trade-weighted dollar index is at the lowest levels since October. "This should help the manufacturing sector, as US goods regain some competitiveness in the global economy," Bank of America Merrill Lynch economists wrote to clients. "Crude oil prices have also been on the uptrend, relieving some pressure on the energy sector.""That said, there are some downside risks as the regional Philly Fed survey showed a significant decline in shipments, new orders, and employees."<a href="/ism-manufacturing-markit-pmi-2016-5">Refresh this page for updates.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/global-economy-biggest-threat-2016-4">FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="4wNWo1MzE6mCXkk1XHZUEjn1PYYwkNot" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Markit manufacturing PMI matches expectations

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Bhushan Raj Timla/ShuttershockIceland is the world's fifth most competitive country, according to SolAbility</div></div></div>SolAbility, a sustainability think-tank based in Switzerland and South Korea, just released its annual Global Sustainable Competitiveness Index,<a href="http://solability.com/the-global-sustainable-competitiveness-index/the-index?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=the_global_sustainable_competitiveness_index_2016_scandinavia_tops_again_germany_14_uk_21_us_32_china_37&amp;utm_term=2016-12-15"> a major ranking designed to find the countries around the world that have the best tools to sustain wealth creation and growth in the future.</a>The ranking is <a href="https://www.weforum.org/reports/the-global-competitiveness-report-2016-2017-1">similar in nature to the World Economic Forum's annual Global Competitiveness Report,</a> but SolAbility uses a different set of criteria to the WEF. This includes placing less emphasis on the international credit rating held by nations. In the words of SolAbility, the ranking is "based on a competitiveness model that incorporates all pillars of sustained growth and wealth creation: natural capital availability; national governance (the framework in which all players operation - the outcomes of policy directions and investments, e.g. the availability of infrastructure); intellectual capital (innovation and business capabilities); resource efficiency, and social cohesion."Each nation then receives a score out of 100. We picked the 23 nations with scores over 50.Developed, Western nations are generally close to the top of the list, while those countries still in the development phase are lower down. Scandinavian and northern European countries do particularly well.Check it out below:

These are the world's 23 most competitive countries

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Naohiko Hatta / REUTERSChinese soldiers practice for a military parade celebrating the 70th anniversary of the founding of the People's Republic of China, in Beijing, September 25, 2019.</div></div></div><ul class="summary-list"><li>"Great power competition" is now the stated focus of the US military, shifting attention to a potential military conflict with near-peer rivals.</li><li>China and Russia are typically cited as examples of those rivals, but comparing militaries head-to-head takes a little more work.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet" target="_blank" rel="noopener">Visit Business Insider's homepage for more stories</a>.</li></ul>Head-to-head comparisons of military strength are hard to come by.Global Firepower's <a href="https://www.globalfirepower.com/countries-listing.asp" target="_blank" rel="noopener">2019 Military Strength Ranking</a> tries to fill that void by drawing on more than 55 factors to assign a Power Index score to 137 countries - adding Moldova this year. (Global Firepower appears to have changed its methodology from that of <a href="https://www.businessinsider.com/most-powerful-militaries-in-the-world-ranked-2018-11" target="_blank" rel="noopener">previous lists</a> the 2019, yielding different index numbers.)The ranking assesses the diversity of each country's weapons and pays particular attention to their available manpower. Geography, logistical capacity, available natural resources, and the status of local industry are also considered.Recognized nuclear powers receive a bonus, but their nuclear stockpiles are not factored into the score. Landlocked countries are not docked for lacking a navy, but countries with navies are penalized if their fleets lack diversity. (Helicopter carriers are included alongside traditional fleet carriers in Global Firepower's ranking.)NATO countries get a slight bonus because the alliance theoretically shares resources, but in general, a country's current political and military leadership was not considered (though financial health and stability are).The top power index score is 0.0000, which is "realistically unattainable," according to Global Firepower. The closer they are to this number, the more powerful their military is.Per these criteria, these are the 25 most powerful militaries in the world:

These are the 25 most powerful militaries in the world in 2019

<ul class="summary-list"><li><keyword id="6354968" type="LOCATION" weightage="60" keywordseo="london">London</keyword> is now only one point ahead of Shanghai, which retained its third place.</li><li id="recirc">The average rating of centers dropped 3.5 points, compared to an average 41-point drop six months ago.</li><li>Covid-19, heightened confidence in the financial system, and Brexit affected London's ranking. </li></ul><a href="https://www.businessinsider.com/?hprecirc-bullet"></a><keyword id="6355838" type="LOCATION" weightage="60" keywordseo="new-york">New York</keyword> is still the world's top financial center, retaining its spot ahead of London and Shanghai, according to an index of key global business hubs. London lost ten points in the <a href="https://www.longfinance.net/publications/long-finance-reports/global-financial-centres-index-29/">Global Financial Centres Index</a>, reducing its lead on third-placed Shanghai to just one point. Hong Kong overtook Singapore for fourth place.There was little movement in the top half of the main index, which contains 114 cities. However, the report states that "in the lower half of the index, there was more volatility, perhaps reflecting some uncertainty about the resilience of emerging and smaller centers."Overall ratings are still below their pre-pandemic levels, but the decline is now far less marked than it was six months ago. On average, financial centers were rated 3.5 points lower in this most recent edition of the index, compared to an average points drop of 41 six months ago. This "may indicate more confidence in the financial system than in the first stages of the covid-19 pandemic," the report said. The relative weakness has been down to factors such as ongoing uncertainty around the economic impact of Covid-19, international trade and geopolitical and local disruptions. The downward trend was especially pronounced in London, which lost 23 points. Asian finance hubs are quickly catching up with the UK capital. Shanghai, Hong Kong and Singapore all gained one point and are now only a few points behind, meaning they could push past London any moment. Brexit may have played a role in the weakening of London's position, to the benefit of other European cities. "Frankfurt replaced San Francisco in the top 10 in this edition, gaining seven rank places, perhaps benefiting from the exit of the UK from the European Union," the report said.The Global Financial Centres Index evaluates and ranks the competitiveness of major financial centres every six months, using a wide range of quantitative data-based measures, as well as online questionnaires.Areas assessed include business environment, human capital, infrastructure, financial sector development and reputation. It is used as a basis for policy makers and investors.

New York keeps the top spot in the league table of global financial centers, while London loses ground

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><a href="http://commons.wikimedia.org/wiki/File:Davos_2007.jpg">Wikimedia Commons</a>WEF meeting in Davos</div></div></div>The World Economic Forum (WEF) has released its annual corruption index as part of an Global Competitiveness Report.The findings are based on WEF's Executive Opinion Survey, which interviewed nearly 15,000 business leaders from 141 economies between February and June 2016.Countries in the corruption index are ranked according survey responses to the following three questions:1. In your country, how common is illegal diversion of public funds to companies, individuals, or groups?2. In your country, how do you rate the ethical standards of politicians?3. In your country, how common is it for firms to make undocumented extra payments or bribes?Numerical answers are given between one and seven, with one indicating the most corruption and seven indicating the least.Business Insider looked at the wealthy countries where corruption is most endemic.To do so, we looked at members of the Organisation for Economic Cooperation and Development, a intergovernmental group of advanced economies, and ranked them according to their position on the corruption index.Here is the list.

These are the 11 most corrupt countries in the developed world

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">ShutterstockReykjavik, Iceland.</div></div></div>The most successful economies in the world have large-scale and efficient infrastructure.This requires continual investment from businesses and the government in order to remain competitive and to keep an economy running smoothly.The World Economic Forum's <a href="http://reports.weforum.org/global-competitiveness-index/competitiveness-rankings/#series=GOVDEBTGDP">Global Competitiveness Survey</a> looks at the financial health and risks of countries around the world.One of the sub-indexes ranks countries' infrastructure after scoring them from 1-7. A score of 7 is the best you can get.While no country scored a perfect 7, there are a number of countries that claimed a score of over 6.So we decided to take a look at the top 21 countries for infrastructure, out of WEF's assessment of 138 countries in total:

You Searched For "Global Competitiveness Index" and got 13 results

India falls 10 places in Global Competitive Index as others race ahead in technology

Prabhjote Gill

India is unapologetically baring its fangs, moves up 16 places to the 55th spot on global competitiveness index

BI India Bureau

India shows the most improvement in competitiveness among the G-20 countries: Report

BI India Bureau

10 countries where talented workers are moving

Noah Sheidlower

India rises to rank 39th on WEF's Travel & Tourism Development Index 2024, becomes highest ranked South Asian nation

PTI

The 31 most corrupt countries in the world

Will Martin

India's services sector PMI hits 12-year high in February

PTI

Markit manufacturing PMI matches expectations

Akin Oyedele

These are the world's 23 most competitive countries

Will Martin

These are the 25 most powerful militaries in the world in 2019

Ellen Ioanes,Ellen Ioanes

New York keeps the top spot in the league table of global financial centers, while London loses ground

Sophie Kiderlin

These are the 11 most corrupt countries in the developed world

Thomas Colson

The 21 countries in the world with the best infrastructure

Lianna Brinded

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