Inclusive Development Index

Ranked 60/79 countries
Released in World Economic Forum’s (WEF) ‘Inclusive Growth and Development Report’
The index is based on 12 performance indicators and countries are ranked on IDI scores based on a scale of 1-7.
It has three pillars :
- Growth and Development,
- Inclusion and Intergenerational Equity, and
- Sustainability
It provides a more complete measure of economic development than GDP growth alone.
Reasons for India’s lower rank:
- India’s debt-to-GDP ratio is high, that raises some questions about the sustainability of government spending.
- India’s labour force participation rate is low, informal economy is large and many workers are vulnerable to employment situations with little room for social mobility.
- India needs more progressive tax system to raise capital for expenditures in infrastructure, health care, basic services and education