The Global Competitiveness Index is released by the World Economic Forum(WEF). It was launched in 1979. It ranks the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. These 12 pillars are (1) Institutions (2) Infrastructure (3) ICT adoption (4) Macroeconomic stability (5) Health (6) Skills (7) Product market (8) Labour market…

