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- Recently, the Government flagged a low score in the World Bank’s Governance Index.
About
- The Worldwide Governance Indicators (WGI) project reports aggregate and individual governance indicators for over 200 countries and territories over the period 1996–2020, for six dimensions of governance:
- Voice and Accountability
- Political Stability and Absence of Violence/Terrorism
- Government Effectiveness
- Regulatory Quality
- Rule of Law
- Control of Corruption
- These aggregate indicators combine the views of a large number of enterprise, citizen and expert survey respondents in industrial and developing countries.
- India’s WGI score: It is much below the BBB Median on all six indicators.
- While BBB is an investment-grade rating issued by global rating agencies such as S&P and Fitch.
- A WGI score below BBB Median would suggest that India falls below the middle when the scores of countries are arranged in a descending order.
- WGI play a key role in deciding sovereign credit rating of any country. India is losing its sovereign credit rating due to low score in WGI parameters.
Source:IE
