India ranked 32nd at 2019 Melbourne Mercer Global Pension Index (MMGPI)

India has been ranked 32nd among 39 nations at the 2019 Melbourne Mercer Global Pension Index (MMGPI). The index is based on how they fare on providing pension and retirement benefits to citizens across different income groups. India’s index value increased largely due to the improvement in all three sub-indices of adequacy, sustainability and integrity. As per the index, the improvement was due to slight increase in scores across various dimensions, including net household savings, greater flexibility in managing retirement and part time work, steady progress in governance and reporting around private pension plans.