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· The World Economic Forum (WEF) on October 16, 2018 released the Global Competitiveness Report 2018. The report publishes the Global Competitiveness Index, ranking 140 countries.

· On the list of 140 economies, the United States topped the list with a score of 85.6, followed by Singapore and Germany at the second and the third positions respectively.

· India was ranked as the 58th most competitive economy with a score of 62.0 on the Global Competitiveness Index 2018. India jumped five spots from 2017

· India's greatest competitive advantages include its market size and innovation.

· India ranked highest among South Asian countries. Sri Lanka was ranked 86^th, Bangladesh 103^rd, Pakistan 107^th and Nepal 109^th.

· Among the BRICS economies, China topped the list at 28th place with a score of 72.6, followed by Russia, India, South Africa and Brazil respectively.