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Inclusive Development Index

  Mar 10, 2018

Inclusive Development Index

The Inclusive Development Index (IDI) is an annual assessment of 103 countries’ economic performance that measures how countries perform on eleven dimensions of economic progress in addition to GDP. It has 3 pillars; growth and development; inclusion and; intergenerational equity – sustainable stewardship of natural and financial resources.
The IDI is a project of the World Economic Forum’s System Initiative on the Future of Economic Progress, which aims to inform and enable sustained and inclusive economic progress through deepened public-private cooperation through thought leadership and analysis, strategic dialogue and concrete cooperation, including by accelerating social impact through corporate action.
Norway tops the chart followed by Iceland and Luxemburg in advanced economies. Lithuania, Hungary, and Azerbaijan are the toppers among the emerging economies. India has been ranked 62 out of 74 emerging economies. Pakistan has been ranked 47, Sri Lanka is at 40, and Nepal at 22; Uganda (59) and Mali (60) are also higher on the index than India. This Inclusive Development Index has been developed as a new metric of national economic performance as an alternative to GDP.