Switzerland has once again emerged as the world’s most competitive economy, securing the top spot with a perfect score of 100 in the latest IMD World Competitiveness Ranking (WCR) 2025. India, however, has slipped two places to 41st out of 69 economies, reflecting ongoing challenges in infrastructure and economic performance.
Global Leaders
Singapore ranked second with 99.44, followed by Hong Kong at 99.22. Other economies in the top 10 include Denmark, UAE, Taiwan, Ireland, Sweden, Qatar, and the Netherlands.
India’s Performance
India dropped from 39th in 2024 to 41st in 2025.
- Economic Performance: 27th (down from 20th last year)
- Government Efficiency: 45th (unchanged)
- Business Efficiency: 25th (unchanged)
- Infrastructure: Remains a weak area dragging down overall competitiveness
Report Insights
The IMD WCR evaluates competitiveness through a mix of statistical data and executive perceptions, covering factors such as economic performance, government efficiency, business efficiency, and infrastructure. Data is drawn from international, national, and regional organisations, while the survey of business executives was conducted between February and May 2025.
According to the report, while traditional determinants of competitiveness remain essential, they are no longer sufficient in today’s complex economic environment shaped by political, social, and cultural factors.
Top 10 Economies (2025)
- Switzerland (100)
- Singapore (99.44)
- Hong Kong (99.22)
- Denmark (97.51)
- UAE (96.09)
- Taiwan (93.71)
- Ireland (91.31)
- Sweden (90.20)
- Qatar (89.93)
- Netherlands (89.75)
This year, Kenya, Namibia, and Oman made their debut in the rankings