India ranks 49th in IMD's World Digital Competitiveness Ranking
The International Institute for Management Development (IMD) has today published the 2023 World Digital Competitiveness Ranking (WDCR), in which India ranks 49th among 64 economies. According to IMD's study, India has made significant in terms of cybersecurity knowledge but lacks on fronts like technology and future readiness. IMD's World Digital Competitiveness Ranking offers insights into how various nations are navigating digital transformation in the era of artificial intelligence (AI).
Essentially, it sheds light on the essential elements that contribute to a nation's genuine digital prowess —a crucial quality as the impact of this technology continues to reshape society. The leading economies in this year's ranking are akin to "digital nations," implying countries that actively promote the comprehensive integration of digital technologies, encompassing AI, across governmental, corporate, and individual spheres. The United States moved back to the top position with robust results across all three factors: knowledge, technology, and future readiness.
The consistency is the same as that of the Netherlands, which advanced four positions and ranks second, followed by Singapore, which ranked first in the technology factor. The overall leader of the 2022 edition of the ranking, Denmark, dropped to fourth place mainly due to a decline in the future readiness and technology factors. Switzerland, the top-ranked economy in the knowledge factor, maintained its position and rounded out the to-5. In the Asia-Pacific region, India has slipped to 12th place among the 14 countries, after being 11th for the four consecutive years. On the other hand, among the 27 nations with a population of more than 20 millions, India is ranked
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