Question
UPSC Prelims 2019 Question:
The Global Competitiveness Report is published by the
Answer (Detailed Solution Below)
Option 3: World Economic Forum
Detailed Solution
Explanation:
- The Global Competitiveness Report is a yearly report published by the World Economic Forum. It presents the results of the Global Competitiveness Index and allows leaders from the public and private sectors to better understand the main drivers of growth.
- It determines an economy’s level of productivity. It is a yardstick for policy-makers to look beyond short-term measures and to assess the progress against the full set of factors that determine productivity.
Therefore, option (3) is the correct answer.
Relevance: India had been ranked as the 58th most competitive economy on the World Economic Forum’s global competitiveness index for 2018.
Subject: Economics | Economic Organisations and Conventions
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