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India ranks low on inclusive growth, development: WEF

By Religare
|

The World Economic Forum has said that India has been ranked very low globally on most of the parameters for inclusive growth and development even as it fares much better internationally when it comes to business and political ethics, media reported.

As per reports, the World Economic Forum (WEF) found that most countries were missing major opportunities to reduce income inequality and same was the case with India.

Commenting on the issue, a World Economic Forum (WEF) Official told the media, "Our message is unequivocally that leaders must pursue economic strategies that are at the same time pro-growth and pro-labour."

 

"India has mostly been ranked in the bottom half of the 38 countries that make up our lower middle income bracket," he added.

As per reports, for business and political ethics, India ranked 12th, while it ranked 11th on the Financial intermediation of real economy investment pillar, which suggests that money invested in the economy generally gets directed towards productive uses.

Story first published: Monday, September 7, 2015, 23:00 [IST]
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