WORLD DIGITAL COMPETITIVENESS RANKING (WDCR) 2019

Prelims level : Indices & Reports Mains level : GS-III- Effects of Liberalization on the Economy
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Why in News?

  • India has advanced four places to 44th position in terms of digital competitiveness in the world.

Highlights:

  • The Ranking, produced by the IMD World Competitiveness Center, measures the capacity and readiness of 63 nations to adopt and explore digital technologies as a key driver for economic transformation in business, government and wider society.
  • To evaluate an economy, WDCR examines three factors:
    • Knowledge: the capacity to understand and learn the new technologies;
    • Technology: the competence to develop new digital innovations; and
    • Future readiness: the preparedness for the Coming Developments.

India’s Progress:

  • India rose from 48th place in 2018 to 44th rank this year as the country has improved overall in all factors — knowledge, technology and future readiness — as compared to the previous year’s ranking.
  • India has made improvement in terms of knowledge and future readiness to adopt and explore digital technologies, according to a global report.

Global Scenario:

  • The US was ranked as the world’s most digitally competitive economy, followed by Singapore in the second place.
  • Sweden was ranked third on the list, followed by Denmark and Switzerland in the 4th and 5th place, respectively.
  • Others in the list of top-10 most digitally competitive economy include Netherlands in the 6th place, Finland (7th), Hong Kong SAR (8th), Norway (9th) and Republic of Korea (10th).
  • The largest jump in the overall ranking was registered by China, moving from 30th to 22nd, and Indonesia, from 62nd to 56
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