India Current Affairs

India ranks 8th in 2017 Valuable Nation Brand List

According to Brand Finance’s recently released Nation Brands 2017 report, India was ranked 8th out of 100 countries on a list of most valuable nation brands. This year India slipped by one spot compared to 7th rank in 2016 and ceded its previous spot to Canada.

Key Facts

Top 10 Valuable Nation brands are United States (1st), China (2nd), Germany (3rd), Japan (4th), United Kingdom  (5th), France  (6th), Canada (7th), India  (8th), Italy (9th) and South Korea (10th).

In terms of valuation, India’s National Brand Value in 2017 is $2.04 trillion, down by 1% from last year’s $2.06 trillion. However, India’s brand rating has improved from ‘AA-‘ to ‘AA’. Despite rating improvement, India has not feature in list of 10 best performing nation brands which is topped by Iceland topped.

Asian nation brands are seeing a boom as Western countries stagnate.  China is fastest growing nation brand and has seen a record rise of $3.1 trillion. However, China’s nation brand value is half of that of the United States.

Valuable Nation Brand List

World’s most valuable nation list released as part Nation Brands report by Brand Finance measures strength and value of nation brands of 100 leading countries. Its method is based on royalty relief mechanism employed to value the world’s largest companies. The valuation is based on 5 year forecasts of sales of all brands in each nation and follows a complex process in which Gross domestic product (GDP) is used as a proxy for total revenues.

Tags:

India ranks 40th in 2017 Global Competitiveness Index

India was placed at 40th spot among 137 countries in World Economic Forum’s (WEF) Global Competitiveness Index (GCI) 2017-18. India has slipped by one position compared to 39th spot in 2016 GCI.

Global Competitiveness Index

WEF’s GCI assesses competitiveness of countries to provide insight into drivers of their productivity and prosperity. GCI scores are calculated on basis of 12 categories called ‘pillars of competitiveness which covers both business and social indicators. It includes pillars such as institutions, infrastructure, health and primary education, labour market efficiency, financial market development, technological readiness and market size.

Key Highlights of 2017 GCI

Top 5 Countries: Switzerland (1st), United States (2nd), Singapore (3rd), Netherlands (4th) and Germany (5th).

BRICS Countries: China (27th), Russia (38th), India (40th), South Africa (61st) and Brazil (80th).

India related facts: India remains most competitive country in South Asia. It has improved across most pillars of competitiveness, particularly infrastructure (66th, up by 2), higher education and training (75th, up by 6), and technological readiness (107th, up by 3) reflecting recent public investments in these areas. The report has lauded India’s efforts in information and communications technology (ICT) sector as it can boost internet economy.

Global Challenges: According to 2017 GCI, there are risks from uncertain global economic conditions. Since 2008 global financial crisis, prospects for sustained economic recovery remain at risk due to widespread failure on part of leaders and policymakers to put in place reforms necessary to underpin competitiveness.

Tags:

12345...102030...129