India demonstrates significant improvement within the global digital domain, climbing four places from 48th to 44th in the World Digital Competitiveness Ranking (WDCR) in 2019. The country has shown marked advancements across all metrics including knowledge, technology, and future-readiness as compared to the previous year. The greatest progress has been noted within the technology sub-factor, where India now holds the premier position regarding telecommunications investment.
Leading Digital Economies
Globally, the United States continues to dominate as the most digitally competitive economy, pursued closely by Singapore holding the second rank. However, noteworthy advancements have been made by multiple nations, reflecting their earnest efforts towards digital transformation.
Largest Leaps Forward
China and Indonesia have registered the most significant leaps in the overall ranking. China jumped eight spots up, moving from the 30th to the 22nd position. Meanwhile, Indonesia ascended six places up from the 62nd to the 56th rank.
About World Digital Competitiveness Ranking
The WDCR is an annual ranking produced by the International Institute for Management Development (IMD) World Competitiveness Center. It evaluates the capacity and readiness of 63 nations to adopt and explore digital technologies, which is an essential driver for economic transformation within businesses, government institutions, and society at large.
Key Factors of Evaluation
The WDCR uses three primary factors to evaluate an economy’s digital competitiveness. These include: Knowledge, Technology, and Future Readiness.
| Factor | Description |
|---|---|
| Knowledge | The capacity to understand and learn new technologies |
| Technology | The competence to develop new digital innovations |
| Future Readiness | The preparedness for upcoming developments |
Source of Information
The information cited in this article has been sourced from a report by BS, chronicling the latest findings about global digital competitiveness.
