AP signed MoU with WEF to support state in assessing its competitiveness

The assessment will be based on Global Competitiveness Index and is aimed at leveraging the key role played by the data driven and evidence based policy making.

Created On: Nov 5, 2015 16:03 ISTModified On: Nov 20, 2015 16:49 IST

Government of Andhra Pradesh on 4 November 2015 signed a Memorandum of Understanding (MoU) with the World Economic Forum (WEF) to support the state in assessing its economic competitiveness.

The MoU was signed in the presence of the State Chief Minister N Chandrababu Naidu and WEF Managing Board member Philipp Rosler in New Delhi.

As per the MoU, the WEF will assist the state in assessing its economic competitiveness-both strengths and weaknesses.

The assessment is aimed at leveraging the key role played by the data driven and evidence based policy making and will employ the Global Competitiveness Index (GCI).

Accordingly, the WEF will provide technical support and training the government staff on GCI methodology, data collection and interpretation of results.

The GCI based assessment is comprehensive as it takes into account 12 parameters-Institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial sector development, technological readiness, market size, business sophistication and innovation.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

Comment ()

Post Comment

7 + 6 =