A new study by World Economic Forum (WEF)has ranked India very low globally on most of the parameters for inclusive growth and development. However it fares much better internationally when it come to business and political ethics.
WEF said that the new study, which was conducted over the past two years, seeks to identify the various ways policymakers can drive economic growth and equity. India has mostly been ranked in the bottom half of the 38 countries that make up lower middle income bracket. However, India does demonstrate leadership in some areas, WEF said, while naming areas like corruption and rents where it comes 8th.
For business and political ethics, India ranks 12th, while it ranks 11th on the Financial intermediation of real economy investment pillar, which suggests that money invested in the economy generally gets directed towards productive uses.