[Prelims 2020] [Part 1/4] List of Indices and Reports: Economy related – Ease of doing Business, World Economic outlook and more.

-Annual report

• It examines different aspects of the nature and role of international trade in the era of hyper globalization and considers related policy challenges that will need to be addressed.

India: India’s economy to be world’s 2nd fastest growing at 6%

-Annual report

• It focuses on trends in foreign direct investment (FDI) worldwide, at the regional and country levels and emerging measures to improve its contribution to development.

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

–Biennial report

• It measures the set of factors and policies that enable sustainable development of travel and tourism sector which contributes to the development and competitiveness of a country.

Key Takeaways: Spain ranked first

India’s Ranking: India has been ranked 34^th in comparison to 40th in 2017

–Annual report

• It assesses the ability of countries to provide high levels of prosperity to their citizens

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

-First Edition

• The report outlines enormous potential gains from the increasingly interconnected global economy

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%.

-Annual Report

• It measures regulations across the 190 economies in business regulatory areas to assess the business environment in each economy.

Parameters/Dimensions:

• Starting a Business,
• Dealing with Construction permits,
• Electricity availability,
• Property registration,
• Credit availability,
• Protecting minority Investors,
• Paying Taxes
• Trading across borders,
• Contracts enforcement,
• Resolving Insolvency,
• Employing workers
• Contracting with the government.

Key Takeaways: New Zealand ranked first

India’s ranking: India ranked 63rd in 2019 in comparison to 77^th in 2018

-Annual Report

·        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

–Biannual

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.

• It is an annual assessment of 103 countries’ economic performance that measures how countries perform on eleven dimensions of economic progress in addition to GDP.

Parameters/Dimensions: It has 3 pillars:

• growth and development;
• inclusion
• intergenerational equity

Key Takeaways: Norway ranked first

India’s ranking: India has been ranked 62^nd.

-Annual report

Parameters/Dimensions:

• investment and development,
• appeal
• readiness

Key takeaways: Switzerland ranked first

India’s ranking: India ranked 59^th out of 63 countries in 2019 compared to 53^rd in 2018

-Annual report

• The report tracks both the growth and distribution of wealth in terms of the numbers of millionaires and billionaires and the proportion of wealth that they hold as well as the status of inequality around the world

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:

• The total wealth in India has increased fourfold between 2000 and 2019, reaching $12.6 trillion in 2019.

India ranks fifth globally in terms of the number of ultra-high-net-worth individuals

• It provides information on regulations affecting trade in services in 22 sectors across OECD member countries and non-OECD

India:  The index found Indian services sector as one of the most restrictive particularly in policy areas like foreign entry.

–Annual report

• It quantifies the state of national innovation ecosystem across countries based on 80 indicators.

Key takeaways:  Switzerland ranked first.

India’s Ranking: India improved its ranking by five places to 52nd in 2019 from 57th position in 2018.

–Biennial report

• It seeks to help countries identify the challenges and opportunities they face in their performance on trade logistics and measures to improve the performance.

Key takeaways: Germany ranked first

India’s Ranking: India ranked 44^th.