Pakistan Just Left Behind India In WEF’s Latest Development Index. Pakistan has been ranked 52nd on the index, ahead from India (60th) according to a World Economic Forum (WEF) report. The index is known as Inclusive Development Index (IDI) and it is compris of 79 developing economies including Pakistan, India and China.
The report was released on monday in Davos, Switzerland named as ‘Inclusive Growth and Development Report 2017’. The report 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.
Various Indian newspapers including The Hindu, Indian Express, Deccan Herald, Punjab Times and others carried the report, highlighting that India ranked below China and Pakistan in the said report.
The index is based on 12 performance indicators. In order to provide a more complete measure of economic development than GDP growth alone, the index has three pillars — growth and development, inclusion and intergenerational equity, and sustainability. Lithuania tops the list of 79 developing economies that also features Azerbaijan and Hungary at second and third positions, respectively.
China is ranked 15th, Nepal 27th, Bangladesh 36th and Pakistan 52nd. Two BRIC nations, Russia and Brazil, are at 13th and 30th places, respectively.
Others in the top-10 are: Poland 4th, Romania 5th, Uruguay 6th, Latvia 7th, Panama 8th, Costa Rica 9th and Chile 10th.