27-Sep-2019: India has jumped four places from 48th place in 2018 to 44th rank in 2019 in World Digital Competitiveness Ranking (WDCR).
The country has improved overall in all factors - knowledge, technology and future-readiness - as compared to the previous year's ranking. The biggest improvement is in the technology sub-factor level, holding the first position in telecommunications investment.
Top Countries: The US was ranked as the world's most digitally competitive economy, followed by Singapore in second place.
Largest Jump: The largest jump in the overall ranking was registered by China, moving from 30th to 22nd, and Indonesia, from 62nd to 56th.
World Digital Competitiveness Ranking: The Ranking, produced by the International Institute for Management Development (IMD) World Competitiveness Center, 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;
- Future readiness: the preparedness for the coming developments.