WEF report: Pakistan leaves India behind in IDI

[Neo]

WEF report: Pakistan leaves India behind in IDI
By APP
January 17, 2017

ISLAMABAD: Pakistan has been ranked 52nd, ahead of India, among 79 developing economies in the Inclusive Development Index, according to a World Economic Forum (WEF) report.

WEF’s ‘Inclusive Growth and Development Report 2017’,released in Davos, Switzerland on Monday, said that most countries were missing important opportunities to raise economic growth and reduce inequality at the same time because the growth model and measurement tools that have guided policy-makers for decades required significant readjustment.

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Lithuania tops the list of 79 developing economies that also features Azerbaijan and Hungary at second and third positions, respectively. India has been ranked 60th, below neighbouring China and Pakistan.

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, the index has three pillars – Growth and Development, Inclusion and Intergenerational Equity, and Sustainability.

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China is ranked at the 15th position, Nepal (27th) and Bangladesh (36th). Two BRIC nations, Russia and Brazil, are at 13th and 30th places, respectively.

Published in The Express Tribune, January 17th, 2017.

 

[ezsasa]

Just F.Y.I, Some details from the same report.

India is considered a bright spot with a five year trend, Pakistan not expected to change much.

As per the report, India is expected to add a score of 2.5 to the current 3.38 which puts it the same score as advanced countries in five years time.
Pakistan's score is expected to be reduced by .03.

Atleast they wrote something about India, looks like they don't think that there is anything worthy of writing about Pak. And the reasons given for low score are already being worked upon thru various schemes.

Link to the report : https://www.weforum.org/reports/the-inclusive-growth-and-development-report-2017

 

[charlie]

One thing is really strange why is Retired General going to Davos, what portfolio is currently held by him ?

 

[Srinivas_K]

One thing is really strange why is Retired General going to Davos, what portfolio is currently held by him ?

He is there to end terrorism !

 

[Krusty]

The Inclusive Development Index (IDI) is based on 12 performance indicators.

Can you elaborate more on these 12 indicators ?

 

[sthf]

It makes sense to some extent. India has high income inequality something that government should address at the earliest.

In Pakistan's case however, the lack of a proper middle class even by the relatively lax Indian standards contributes to its comparatively higher rank as far IDI is considered.

In short as a population percentage, India has a large middle class and also a large population of poor. Pakistan has a much smaller middle class but same amount of poor.Barring few, pretty much everybody is broke in Pakistan.