Dhaka, Oct. 10 -- The latest ranking shows the country dropped two spots from the last year's 103 among 140 nations.

The report measures national competitiveness -- defined as the set of institutions, policies and factors that determine the level of productivity.

In terms of its ranking across specific pillars this year, Bangladesh was placed in the 109th position on the index for institution, 114th for infrastructure, 108th for ICT adaptation, 95th for macroeconomic stability, 93rd for health, 117th for skills, according to Global Competitiveness Report 2018 released on Wednesday.

As per the report, India has slipped 10 spots, but led the South Asia region after being ranked 68th, followed by Sri Lanka at 84th, Nepal 108th and Pakista...