Key Findings of the Report:
- The U.S.A reclaimed its top position (Rank 1) which performs well in all three categories – Knowledge, Technology and Future Readiness.
- IMD’s WDCR report highlights the essential elements that contribute nation’s digital prowess which can play the significant role in reshaping society.
- Switzerland retained the top position in the knowledge factor and maintained its overall position to 5th best performing country in the ranking.
- Denmark, ranked 1 in 2022 has been slipped to 4th place mainly due to decline in the future readiness and technology factors.
Top five performing countries in the WDCR Report
| Rank | Name of the Country |
|---|---|
| 1st | U.S.A(United States of America) |
| 2nd | Netherlands |
| 3rd | Singapore |
| 4th | Denmark |
| 5th | Switzerland |
| 49th | India |
Top 3 worst performing countries in the WDCR Report:
| Rank | Name of the Country |
|---|---|
| 64th | Venezuela |
| 63rd | Mongolia |
| 62nd | Colombia |
India’s Performance in 2023:
According to IMD’s Report, India has been ranked 49th among 64 countries. The report mentioned that India made a little progress in the field of cyber security knowledge (Rank 45) but perform low in the fields of technology and future readiness.
Note: In the previous edition of WDCR 2022 report, India was ranked at 44th position.
- India slipped a rank below in Asia-Pacific Region, stays 12th position among 14 countries. Earlier, India ranked 11 for 4 consecutive years (2019-22) in the Asia-Pacific region.
- India secured the 50th spot in technology domain as it faces challenges in enforcing contracts, wireless broadband and internet users.
- India ranks 51 in future readiness parameters, The report highlights the key areas where India lacks: tablet possession, internet retailing and e-governance
- Among 27 nations with population exceeding 20 million, India rank has dropped to 18th position from 16th as compare to last year.
- India improved on parameters like talent training and education. Graduates in science and Research &Development (R&D) emerged as the top strength of India.
About International Institute for Management Development (IMD):
It is an independent academic institute which provides various business programmes.
President – Jean-François Manzoni
Established in – 1990
