12 pillars to determine Global Competitiveness Index

Q.  How many pillars (factors) are taken into account while determining the Global Competitiveness Index?
- Published on 05 Oct 16

a. 12
b. 10
c. 16
d. 9

ANSWER: 12
 
  • The Global Competitiveness Index released by the World Economic Forum is one of the major studies which indicates how a country scores in the scale of global competitiveness.
  • The Index is calculated by aggregating indicators across 12 pillars which again are clubbed together in three broad sub-indices, namely basic requirements, efficiency enhancers and innovation and sophistication factors.
  • The report covers both business and social indicators which, directly or indirectly, impacts the competitiveness of the country in the global arena.

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