World Governance Indicators

In News 

• 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