World Competitive Index has been released recently by the Institute of Management Development
India ranked 43rd in the Index 2020.
Singapore secured the top position in the ranking system followed by Denmark and Switzerland.
Singapore is not a part of the BRICS countries, hence option 4 is incorrect.
China has slipped from 14th to 20th place and topped the ranking among BRICS nations while India at second followed by Russia (50th), Brazil (56th),and South Africa (59th).