India ranks 73rd in UNCTAD B2C E-commerce Index 2019

The United Nations Conference on Trade and Development(UNCTAD) has released its 2019 edition of Business-to-Consumer(B2C) E-commerce Index which measures an economy’s preparedness to support online shopping. The index is prepared on the basis of four indicators that are highly linked to online shopping. The four indicators are-
(1)Account ownership with a mobile-money-service provider or at a financial institution(percentage of population above the age of 15)
(2)Individuals using the Internet(percentage of population)
(3) Postal Reliability Index (4)secure internet servers (taken per 1 million people)
2019 reported covered 152 economies or countries around the world.

Highlights from the report:

The Netherlands is the highest-ranked country in the index with an index score of 96.4 followed by Switzerland, Singapore, Finland, and the United Kingdom at 2nd, 3rd, 4th, and 5th place respectively.
The United States of America ranked at 13th place with 91.3 index value.
China ranked 56th in the index with an index value of 68.8.
India is ranked at 73rd place with 57 index values making a seven place improvement from the 2018 index report of 80th rank.
Among Indian Neighbours, Srilanka 86th, Nepal 112th, Pakistan 114th, Bhutan 116th, and Myanmar finished at 126th place in the index.