WEF Current Affairs

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.

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World Economic Forum: Mumbai and Kota among World’s most Crowded

World Economic Forum citing UN-Habitat data has named two Indian cities-Mumbai and Kota among the world’s most crowded cities. Dhaka has topped the list followed by India’s financial capital Mumbai. Dhaka, the capital of Bangladesh has a population density of 44,500 people per square kilometre. Mumbai has a population density of 31,700 people per square kilometre. Another Indian city Kota in Rajasthan with 12,100 people per square kilometre has been ranked seventh in the list.

Medellin in Columbia with a population density of 19,700 people per square kilometre has been ranked third followed by Manila, Philippines at 4th place with a density of 14,800;Casablanca, Morocco at 5th place with a density of 14,200; Lagos, Nigeria at 6th place with a density of 13,300; Singapore at 8th place with a density of 10,200 and finally Jakarta, Indonesia at 9th place with a density of 9,600.

It has been estimated that more than half of the world’s population resides in urban areas and the UN expects this to increase to 66% by 2050 with around 90% increase concentrated in Asia and Africa.

UN-Habitat

UN-Habitat, also known as United Nations Human Settlements Program is a UN agency for sustainable urban development and human settlements. It was established in 1978 and has its headquarters in the UN Office at Nairobi, Kenya. It is mandated by the United Nations General Assembly to promote socially and environmentally sustainable towns and cities with the goal of providing adequate shelter for all. It is also a member of UNDP. UN-Habitat works in more than 70 countries in five continents focusing on seven areas: Urban Legislation, Land and Governance; Urban Planning and Design; Urban Economy; Urban Basic Services; Housing and Slum Upgrading; Risk Reduction and Rehabilitation; and Urban Research and Capacity Development.

 

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