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India 60th in inclusive development index; ranks below China, Pakistan

IDI scores are based on a scale of 1-7. Advanced and developing economy IDI scores are not strictly comparable due to different definitions of poverty.

By: PTI | Davos | Published: January 16, 2017 5:58 pm
inclusive development index, IDI position, inclusive development index india, inclusive development index china, inclusive development index pakistan, inclusive development index ranking, india news It noted that the country’s debt-to-GDP ratio is high, raising some questions about the sustainability of government spending. (Representational)

India has been ranked 60th among 79 developing economies, below neighbouring China and Pakistan, in the inclusive development index, according to a WEF report. WEF’s ‘Inclusive Growth and Development Report 2017’, released today, said that most countries are missing important opportunities to raise economic growth and reduce inequality at the same time because the growth model and measurement tools that have guided policymakers for decades require significant readjustment.

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The Inclusive Development Index (IDI) is based on 12 performance indicators. In order to provide a more complete measure of economic development than GDP growth alone, the index has three pillars — Growth and Development, Inclusion and Intergenerational Equity, and Sustainability.

Lithuania tops the list of 79 developing economies that also features Azerbaijan and Hungary at second and third positions, respectively. While India is placed at the 60th spot, many of the neighbouring nations are ahead in the rankings. China is ranked at the 15th position, Nepal (27th), Bangladesh (36th) and Pakistan (52nd).

Two BRIC nations, Russia and Brazil, are at 13th and 30th places, respectively. Others in the top ten are Poland (4th), Romania (5th), Uruguay (6th), Latvia (7th), Panama (8th), Costa Rica (9th) and Chile (10th).

“India, with a score of only 3.38, ranks 60th among the 79 developing economies on the IDI, despite the fact that its growth in GDP per capita is among the top 10 and labour productivity growth has been strong.

“Poverty has also been falling, albeit from a high level,” the report said. However, it noted that the country’s debt-to-GDP ratio is high, raising some questions about the sustainability of government spending.

Among the advanced economies, Norway is at the top, followed by Luxembourg (2nd), Switzerland (3th), Iceland (4th) and Denmark (5th). Other nations in the top ten advanced economies are Sweden (6th), Netherlands (7th), Australia (8th), New Zealand (9th) and Austria (10th).

IDI scores are based on a scale of 1-7. Advanced and developing economy IDI scores are not strictly comparable due to different definitions of poverty.

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  1. Anurag Trivedi
    Jan 16, 2017 at 4:14 pm
    All of India's insutions are being undermined by an ambitious, ruthless but stupid Modi. Corruption has become rampant. Modi has made it difficult for us to withdraw our own hard earned TDS paid ry money. Where are 5 crore jobs promised ? Where are 100 smart cities ? Where is the bullet train ? All economic pointers are going down. The only ppl flush with funds are the BJP members, Adani Ambani and Baba Haramdev.
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    1. B
      Big b
      Jan 16, 2017 at 2:00 pm
      F modi. Nonsense. Almost 3 years but feku failed miserably.
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      1. J
        Joseph
        Jan 16, 2017 at 4:08 pm
        You don't make any sense only nonsense
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        1. K
          Kanu
          Jan 16, 2017 at 4:45 pm
          India must adopt rationalist approach. Without ratiinalist thinking India will remain as it is.
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          1. P
            Prit
            Jan 16, 2017 at 2:15 pm
            this is conspiracy against our beloved PM, how can we be behind s. Our social scientists will prepare our own benchmarks and we will come out best in the Index. Readers of this report will be declared DESHDROHIS with immediate effect and our most nationalist party will bear the cost of travelling of such Deshdrohis who will be sent to stan.lt;br/gt;lt;br/gt;Modi aap aage bado hum aapke sath hain lt;br/gt;lt;br/gt;Modi ! Modi ! Modi ! Modi ! Modi ! Modi ! Modi ! Modi ! Modi ! Modi ! Modi ! Modi !lt;br/gt;Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !Modi ! Modi !
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