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BD worst among SA countries in production readiness index

FE Desk | January 15, 2018 00:00:00


Bangladesh has been positioned as the poorest performer among its South Asian neighbours in a latest worldwide ranking.

The Switzerland-based World Economic Forum (WEF) has published the evaluation titled 'Readiness for the Future of Production Assessment 2018 edition'.

While Bangladesh was placed on as low as 80th position in the report - also dubbed as the global manufacturing index - covering a total of 100 countries from across the world, its closest neighbour India was ranked at 30th position.

Among other South Asian neighbours on the chart, Sri Lanka was ranked 66th with Pakistan coming next at 74th - only to be followed by Bangladesh at the bottom (80th) of the regional rivals.

Having a score of 3.59 in the 'Structure of Production' measurement, Bangladesh was placed in the list of 'Nascent Countries' alongside the two fore-mentioned regional neighbours with scores of 4.10 (Sri Lanka) and 3.82 (Pakistan).

Bangladesh and Pakistan were also found to be languishing at 89th and 93rd with scores of 3.67 and 3.60 on the 'Drivers of Production' scale.

Bangladesh's overall performance was marked by scores in the index components of multi-stakeholder collaboration (100th), Venture capital deal volume per size of economy (99th), Ability to Innovate (97th), Internet users (97th), Impact of ICTs on new Bangladesh has been positioned as the poorest performer among its South Asian neighbours in a latest worldwide ranking.

The Switzerland-based World Economic Forum (WEF) has published the evaluation titled 'Readiness for the Future of Production Assessment 2018 edition'.

While Bangladesh was placed on as low as 80th position in the report - also dubbed as the global manufacturing index - covering a total of 100 countries from across the world, its closest neighbour India was ranked at 30th position.

Among other South Asian neighbours on the chart, Sri Lanka was ranked 66th with Pakistan coming next at 74th - only to be followed by Bangladesh at the bottom (80th) of the regional rivals.

Having a score of 3.59 in the 'Structure of Production' measurement, Bangladesh was placed in the list of 'Nascent Countries' alongside the two fore-mentioned regional neighbours with scores of 4.10 (Sri Lanka) and 3.82 (Pakistan).

Bangladesh and Pakistan were also found to be languishing at 89th and 93rd with scores of 3.67 and 3.60 on the 'Drivers of Production' scale.

Bangladesh's overall performance was marked by scores in the index components of multi-stakeholder collaboration (100th), Venture capital deal volume per size of economy (99th), Ability to Innovate (97th), Internet users (97th), Impact of ICTs on new services and products (94th), Mobile-cellular telephone subscriptions (94th), FDI and technology transfer (88th) and LTE mobile network coverage (67th).

Japan came on top of the chart following development of the best structure for production.

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