India’s Ranking Various Indexes

The method of tracking the performance of some group of assets in a standardized way is known as Indexing. It typically measures the performance of a basket of securities intended to replicate a certain area of the market. Indexes refer the rankings secure by different countries on different parameters. Indexing is quiet useful and becomes easier when we need to understand and compare two countries on same parameters.  Indexes are also created to measure other financial or economic data such as interest rates, inflation, or manufacturing output.

Every year many international organizations publish various reports/ indexes related to social, health, education, women empowerment, trade, economic, political other many such indicators.

The reports of some famous international institutions like the World Bank, IMF, and the World Economic Forum are described below:

 

  1. The Human Development Index (HDI)

The Human Development Index (HDI) is a composite index of some parameters to collect data about human development around the world. It uses three parameters to rank the country’s human development, namely:-

  1. Life Expectancy Index
  2. Education Index
  3. Standard of living

Pakistani economist Mahbub ul Haq developed HDI and later on Indian economist Amartya Sen helped in it. Every year the HDI report is released by the United Nations Development Programme (UNDP).

The latest HDI report was released by the UNDP in on 24th October 2019 with the title, “Beyond income, Beyond averages, Beyond Today: Inequalities in Human Development in the 21st Century. A total of 189 countries participated in it and India ranked 129 (one rank better than last year). Norway holds the top position and Burundi holds the bottom.

 

  1. Global Talent Competitive Index (GTCI)

This index is released by the Business school INSEAD in collaboration with Addeco and Google.  This report is based on the Global Talent in the Age of Artificial Intelligence. While a total of 132 countries took part in it, India ranked 72. Switzerland holds the top rank.

 

  1. Ease of Doing Business

This report is published by the World Bank every year. It was started in 2002. This report basically states that how easily a business can be started in a country? A country having obstacles like red-tapism and approval formalities ranks low in this report. India is doing very well in this ranking. Indian Rank is 63rd in the latest report which is the improvement of the 14th places from the last year’s ranking. Since 2017 till 2020, New Zealand is on the top position and Singapore is on the second spot for the same period.

 

  1. Global Competitive Report

World Economic Forum releases this report every year. In the latest Competitive Report a total of 141 countries participated and India slipped down to 10 places and ranked at 68th position. Singapore topped the index followed by the USA and Hong Kong. This report was first published in 2004. The report has twelve pillars of competitiveness namely:-

  1. Higher education and training
  2. Good health and primary education
  3. Innovation
  4. Appropriate infrastructure
  5. Production of new goods using the most sophisticated production processes
  6. Ability to harness existing technology
  7. Institutions
  8. Stable macroeconomic framework
  9. Efficient goods markets
  10. Efficient labor markets
  11. Developed financial markets
  12. Market size—both domestic and international

 

  1. Global Gender Gap Report

The Global Gender Gap Index is an index designed to measure gender equality in a country. The Global Gender Gap Report was first published in 2006. This report is published by the World Economic Forum every year. In the latest 153 countries participated and India ranked 112. India is behind the neighboring countries like; China, Nepal, Sri Lanka, and Bangladesh. Iceland holds the top rank and Yemen holds the bottom. It is based upon four dimensions;

  1. Political empowerment
  2. Economic participation and opportunity
  3. Educational attainment
  4. Health and survival

 

Below is a list of several indexes and India’s rank.

Name of the indexPublished byIndia’s Rank
Henley Passport Index 2020Henley84th
Gender Gap Index 2020World Economic Forum112th
Democracy Index 2019Economist Intelligence Unit51st
Human Development Index 2019UN Development Programme129th
Global Climate Risk Index 2020Germanwatch9th
India Corruption SurveyTransparency International India78th
Global Competitiveness IndexWorld Economic Forum72th
Ease of Doing BusinessWorld Bank63rd
Global Hunger IndexWelthungerhife102 nd
World Digital competitiveness RankingIMD44 th
International Smart City Index 2019Institute for Management Development67 th
Global Happiness SurveyIpsos9th
Global Innovation Index 2019Cornell University, INSEAD and WIPO52nd
End of Childhood Index 2019UK based NGO save the children113th
Global Peace IndexInstitute for economics and pace141th
World Press Freedom Index 2019Reporters without borders140th
Index of Cancer Preparedness 2019Economist Intelligence Unit’s19th
World Happiness ReportUN144th
Inclusive Internet IndexEconomist Intelligence Unit’s46 th
World Talent IndexINSEAD Business School59th
Social Mobality IndexWorld Economic Forum76 th
World Talent RankingInternational Intellectual59 th
Property IndexUS Global Innovation Policy Center40 th
Global Terrorism IndexInstitute for Economics and Peace (IEP)7 th