According to the Travel and Tourism Competitiveness Index (TTCI) 2017 released by the World Economic Forum, India ranked 40 out of 136 economies across the world. This index measures the competitiveness of each economy`s travel and tourism sector based on factors such as regulatory framework, business environment, infrastructure, cultural resources, and natural resources.
Option 1: 50 - This option is incorrect. It is higher than India`s actual rank of 40.
Option 2: 40 - This is the correct answer. It accurately reflects India`s ranking in the Travel and Tourism Competitiveness Index 2017.
Option 3: 30 - This option is incorrect. It is lower than India`s actual rank of 40.
Option 4: 20 - This option is incorrect. It is much higher than India`s actual rank of 40.
Overall, India`s rank of 40 in the TTCI 2017 indicates that it has a relatively competitive travel and tourism sector compared to other economies worldwide. However, there is still room for improvement in areas such as infrastructure development, regulatory reforms, and cultural resource management to further enhance its competitiveness in the global tourism market.