Switzerland, best competitive economy: India's poor show continues

Switzerland scored 100, retaining its position as the most competitive economy worldwide according to the latest IMD World Competitiveness Ranking (WCR) report. The rankings assess countries based on their economic performance, government efficiency, business efficiency, and infrastructure.

Singapore ranks second with a score of 99.44, and Hong Kong secured third place with a score of 99.22. India has slipped two spots to rank 41st out of 69 countries. The ranking highlights areas for improvement in economic performance and infrastructure of the nations.

India ranks 41st out of 69 countries, slipping two spots from 39th in 2024. In economic performance, India ranks 27th, down from 20th last year. In government and business efficiency, India remains unchanged with ranks 45th and 25th, respectively.

IMD World Competitiveness Ranking (WCR) is a comprehensive annual report that serves as a reference point for governments and the private sector. The report states that the economy's competitiveness can be ascertained by looking at a complex matrix of political, social, and cultural dimensions, not only by its Gross Domestic Product (GDP).

According to the report, the 2025 IMD World Competitiveness Ranking (WCR) shows that traditional determinants of competitiveness remain necessary; however, they are no longer sufficient.

The report states that the final score for each economy is evaluated by using the perceptions of executives together with statistical data. The Statistical indicators are taken from international, national, and regional organisations. The perceptions of executives are taken from an online survey carried out between February and May 2025. According to the report, all criteria are grouped into four factors: economic performance, government efficiency, business efficiency, and infrastructure.

Top 10 Economies

1. Switzerland: (100)

2. Singapore: (99.44)

3. Hong Kong: (99.22)

4. Denmark: (97.51)

5. UAE: (96.09)

6. Taiwan (Chinese Taipei): (93.71)

7. Ireland: (91.31)

8. Sweden: (90.2)

9. Qatar: (89.93)

10. Netherlands: (89.75)

In 2025, three new economies were added: Kenya, Namibia, and Oman.