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India’s rank on the Global Pension Index 2023

Published on October 18, 2023
Current Context: The Global Pension Index 2023 is a report that compares and ranks the retirement income systems of 47 countries, representing 64% of the global population.
  • India’s rank on the Global Pension Index 2023 has fallen to 45th position out of 47 countries, according to a report by Mercer and CFA Institute.
  • The index measures the adequacy, sustainability, and integrity of retirement income systems around the world. India scored 37.3 out of 100, which is lower than the global average of 59.7.
  • Netherlands with a score of 85 and a rating of A,Iceland with a score of 83.5 and a rating of A,Denmark with a score of 81.3 and a rating of A.
  • The report said that India can improve its score by improving minimum support and expanding coverage of pension arrangements to workers in the unorganized sector.


Q.1 Which country ranked first on the Global Pension Index 2023?
a. Netherlands

b. Denmark
c. Finland
d. Norway

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