Sri Lanka slips in competitiveness ranking

Sri Lanka has slipped to the 85th position in the 2018 Global Competitiveness Index from 81st in the previous year.

Out of 12 broader pillars, Sri Lanka had improved in terms of infrastructure, health, ICT adoption, skills, and market size, but lagged in the other factors, such as institutions, macroeconomic stability, product market, labour market, financial system, business dynamism, and innovation capability.

In South Asia, India topped by being ranked at 58th, though it is a big slide from 40th under the old methodology last year. Bangladesh was 103rd, followed by Pakistan (107th) and Nepal (109th).