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Economy

Philippines and India rise in global competitiveness

World Economic Forum evaluates improvements in infrastructure and innovation

The Philippines moved up 12 rungs to 56th place in World Economic Forum's The Global Competitiveness Index 4.0.    © Reuters

TOKYO -- The World Economic Forum's latest global competitiveness list shows a positive picture in Asia, with the Philippines and India moving up the ranks.

The Global Competitiveness Report 2018, published on Wednesday, showed the Philippines rising 12 rungs from last year to 56th of a total of 140 countries and regions, based on a new methodology applied to both years. India also rose five places to 58th, making the largest gain among G-20 economies.

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