World Competitiveness Index is compiled and issued by-

The correct answer is Option (2) → IMD

The World Competitiveness ranking (World Competitiveness Yearbook) is published every year by the IMD – International Institute for Management Development, a business school in Lausanne, Switzerland, through its World Competitiveness Center. It ranks countries on economic performance, government efficiency, business efficiency and infrastructure. IMD here is not India’s Meteorological Department.