India was ranked at the 62nd place among emerging economies on an Inclusive Development Index, much below China’s 26th position. Norway remains the world’s most inclusive advanced economy, while Lithuania again tops the list of emerging economies, the World Economic Forum (WEF) said while releasing the yearly index in Davos before the start of its annual meeting, to be attended by several world leaders including Prime Minister Narendra Modi and U.S. President Donald Trump. The index takes into account the “living standards, environmental sustainability and protection of future generations from further indebtedness”. It urged the leaders to urgently move to a new model of inclusive growth and development, saying reliance on GDP as a measure of economic achievement is fuelling short-termism and inequality. Despite its low overall score, India is among the ten emerging economies with ‘advancing’ trend.

(The Hindu)