21 December 2017 Current Affairs: The United Kingdom topped Forbes' rankings of best countries in the world for business in 2018 for the first time, up from fifth last year.
The list ranks 153 countries on 15 factors including property rights, innovation, taxes and red tape.
The UK is followed by New Zealand and the Netherlands, while India was ranked 62nd on the list.
The UK's $2.6 trillion economy is the fifth largest in the world.
The world’s second (China) and third (Japan) biggest economies rank 66th and 21st, respectively. Chad ranks last for the third straight year.