According to sources India ranked 62nd position which is much below China's 26th position and Pakistan's 47th. Meanwhile Norway remains the world's most inclusive advanced economy, while Lithuania again tops the list of emerging economies, the World Economic Forum (WEF) said while releasing the yearly index at Davos before the start of its annual meeting, to be attended by several world leaders including Prime Minister Narendra Modi and US President Donald Trump.
WEF said the index takes into account the "living standards, environmental sustainability and protection of future generations from further indebtedness". Meanwhile it had urged the leaders to urgently move to a new model of inclusive growth and development, where India was ranked 60th among 79 developing economies last year, as against China's 15th and Pakistan's 52nd position.
Furthermore WEF also said that rich and poor countries alike are
struggling to protect future generations, as it cautioned political and
business leaders against expecting higher growth to be a panacea for the social
frustrations, which includes those of younger generations who have shaken the
politics of many countries in recent years.
