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Dear Students,
UPSC has time and again asked questions on reports and indices released by important international and national organizations in Prelims examination.
In this post, we will discuss important Economy-related reports and indices released by international organizations since the 2018-19.
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This is the 1st part of a 4-series of posts on Important Reports and Indices. For students’ ease of reading, we have grouped the posts into the following:
Part 1: Economy
Part 2: Social (Human Development, Population and migration-related, Health, Gender, etc.)
Part 3: Environment.
Part 4: Miscellaneous.
List of Economy-related Reports and Indices
Report | Details |
Trade and Development Report 2019 -Annual report | Published by: United Nations Conference on Trade and Development (UNCTAD)
India: India’s economy to be world’s 2nd fastest growing at 6% |
World Investment Report 2019 -Annual report | Published by: United Nations Conference on Trade and Development (UNCTAD)
Key Takeaways: The global FDI slipped by 13% in 2018, to US$1.3 trillion from $1.5 trillion in 2017, the third consecutive annual decline. India: India received foreign direct investments worth USD 42 billion in 2018 |
Travel & Tourism Competitiveness Index (TTCI), 2019 –Biennial report
| Published by: World Economic Forum (WEF)
Key Takeaways: Spain ranked first India’s Ranking: India has been ranked 34th in comparison to 40th in 2017 |
Global Competitiveness Index, 2019 –Annual report | Published By: World Economic Forum
Parameters/Dimensions: 12 pillars: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication and innovation. Key takeaways: Singapore ranked first India’s ranking: India ranked 68th in 2019 in comparison to 58th in 2018 |
Digital Economy Report 2019 -First Edition | Published by: United Nations Conference on Trade and Development (UNCTAD)
India: India generated the ninth-highest e-commerce sales globally in 2017 by generating a total business of $400 billion-contribution of this to GDP was 15%. |
Ease of Doing Business Index, 2019 -Annual Report | Published By: World Bank
Parameters/Dimensions:
Key Takeaways: New Zealand ranked first India’s ranking: India ranked 63rd in 2019 in comparison to 77th in 2018 |
World Employment and Social Outlooks Trend 2020 -Annual Report | Published By: International Labour Organization (ILO) · It analyses key labour market issues such as unemployment, labour underutilization, working poverty, income inequality, labour Income share and factors that exclude people from decent work. Key takeaways: Global unemployment is projected to increase by around 2.5 million in 2020 |
World Economic Outlook, 2019 –Biannual | Published by: International Monetary Fund (IMF) Key takeaways: Reduced global growth projection to 2.9 percent in 2019, 3.3 percent in 2020 and 3.4 percent for 2021. India: Downward India’s gross domestic product (GDP) growth projection to 4.8% for the financial year 2020 (FY20) and 5.8% for FY21. |
Inclusive Development Index, 2018 | Published by: World Economic Forum
Parameters/Dimensions: It has 3 pillars:
Key Takeaways: Norway ranked first India’s ranking: India has been ranked 62nd. |
World Talent Ranking Report, 2019 -Annual report
| Published by: International Institute for Management Development (IMD) based in Switzerland. Parameters/Dimensions:
Key takeaways: Switzerland ranked first India’s ranking: India ranked 59th out of 63 countries in 2019 compared to 53rd in 2018 |
Global Wealth Report, 2019 -Annual report
| Published by: Credit Suisse Group
Key takeaways: Just 47 million people which accounts for 0.9% of the world’s adult population owns $158.3 trillion -almost 44% of the world’s total wealth. India:
India ranks fifth globally in terms of the number of ultra-high-net-worth individuals |
Services Trade Restrictiveness Index (STRI), 2018 | Published by: Organisation for Economic Cooperation and Development (OECD)
India: The index found Indian services sector as one of the most restrictive particularly in policy areas like foreign entry. |
Global Innovation Index (GII) 2019 –Annual report | Published by: World intellectual property organisation (WIPO), Cornell University and INSEAD
Key takeaways: Switzerland ranked first. India’s Ranking: India improved its ranking by five places to 52nd in 2019 from 57th position in 2018. |
Logistics Performance Index, 2018 –Biennial report | Published By: World Bank
Key takeaways: Germany ranked first India’s Ranking: India ranked 44th. |
P.S. -Please comment below if we have missed any important indices.
Also, let us know the topics on which you would like us to make next article.