Inclusive development index

GS paper- 3, Economy

Source- Livemint

  • The Inclusive Development Index (IDI) compiled by the World Economic Forum.
  • (WEF), India ranked 62nd out of 74 emerging countries and was among the least inclusive countries in Group of 20 (G-20) countries.
  • The IDI is based on the idea that most people base their country’s growth not on GDP but by their own standard of living. 
  • It gives a measure of inequality based on three parameters:
  1. Growth and development
  2. Inclusion
  3. Inter-generational equity and sustainability.
  • India also did not make it to the top 10 most inclusive emerging and developing economies, where its neighbours Nepal, China and Sri Lanka made a mark.
  • India performed its best in terms of “intergenerational equity and sustainability”, ranking 44 , for which credit can be attributed to its demographic dividend.

Khyati Khare

Plutus IAS Current Affairs Team

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