World Prosperity Index 2015

legatum prosperity index 2015

Question: International NGO Legatum Institute released “Legatum Prosperity Index-2015”, it has ranked India at-

(a) 101th position
(b) 102nd position
(c) 99th position
(d) 109th position

Ans (c)

Related Facts:

  • On 2 November 2015 International non-governmental organization Legatum Institute released ‘Legatum Prosperity Index’.
  • The index covered 142 countries in the world, which contribute for almost 96 percent of the overall world population and account for 99 percent of global GDP.
  • This index has been issued annually since 2007, on the basis of prosperity of nations, economic growth and quality of life.
  • A total of 142 countries in the Index are ranked based on their score.
  • The overall rank in the index based on 89 different variables.
  • The variables are then split into eight sub-indices. These are: Economy, Entrepreneurship & Opportunity, Governance, Education, Health, Safety & Security, Personal Freedom, Social Capital.
  • With an overall score of 3.504 points in the index Norway topped for the seventh consecutive year.
  • Then Switzerland with the Score -3.337 ranked Second, Denmark with the Score -3.272 ranked Third, New Zealand with the Score -3.246 ranked fourth and Sweden with the Score -3.224 is  ranked fifth.
  • The bottom five countries in the index are Central African Republic (ranked 142), Afghanistan (ranked 141 ), Haiti (ranked 140), Chad (ranked 139) and Burundi (ranked 138)

India’s position:

  • Legatum Prosperity Index, in 2015 ranked India at 99th position (Scored-0.801) while last year (LPI-2014) it was ranked 102.
  • In this index neighboring countries of India are ranked as Sri Lanka (61), Nepal (89), Bangladesh (103), Pakistan (130) and Afghanistan (141).
  • The index not included Bhutan, Myanmar and the Maldives.
  • Performance of India in sub indices:

Safety & Security-114th (119th in 2014)

Entrepreneurship & Opportunity-94th (103rd in 2014)

Education-92nd (93rd in 2014)

Health-107th (109th in 2014)

Governance-53rd (56th in 2014)

Economy -61st (62nd in 2014)

Social capital-129(132nd in 2014)

In all the above areas indices indicate improvement for the India.

  • In the area of individual (personal) freedom India ranked 79th (ranked 78th in 2014) indicates no improvement.

India’s position among the BRICS countries:

  • If we compare the Legatum Prosperity Index 2014, position of India is at the bottom among the BRICS countries.
  • This year position of the BRICS countries are: China (52nd place), Brazil (54th place), Russia (58th place) and South Africa (75th place).

Reference:

http://www.li.com/activities/publications/2015-legatum-prosperity-index

http://blogs.wsj.com/indiarealtime/2015/11/03/where-is-india-on-the-global-prosperity-index/

http://media.prosperity.com/2015/pdf/publications/PI2015Brochure_WEB.pdf