Q. What is India's Rank in Global Pension Index 2023?
Answer:
45
Notes: According to the 15th annual Mercer CFA Institute Global Pension Index (MCGPI), India ranked 45th out of 47 countries. India's overall index value increased from 44.4 in 2022 to 45.9 in 2023.
The improvement was primarily attributed to enhancements in the adequacy and sustainability sub-indices. India was ranked 41st out of 44 in 2022. The Netherlands' retirement income system regained the top spot on the list, with Iceland and Denmark taking second and third places respectively. The report states that retirement income systems around the world are under pressure as never before.