India’s rank on the Global Pension Index 2023 declines to 45th position out of 47 countries.
In 2022, India was ranked at 41st position out of 44 countries. In 2021, India was ranked at 40th out of 43 countries.
India’s score improved slightly from 44.4 in 2022 to 45.9 in 2023.
The report says India’s score improved mainly due to an improvement in the adequacy and sustainability sub-indices.
Globally, the Netherlands is ranked at the first place. It is followed by Iceland and Denmark. Argentina is ranked last on the index.
Mercer and CFA Institute have released the 15th annual Mercer CFA Institute Global Pension Index (MCGPI).
The Netherlands had the highest overall index value (85.0). Iceland had an overall index value of 83.5.
Denmark had an overall index value of 81.3. Argentina had the lowest index value (42.3).
Global Pension Index 2023 compares 47 retirement income systems. It covers 64% of the world’s population.
It includes three new retirement income systems. They are Botswana, Croatia, and Kazakhstan.
It uses the weighted average of the sub-indices of adequacy, sustainability, and integrity and measures each retirement system against more than 50 indicators.
