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World Governance Indicators

Posted on May 20, 2022 by admin1  67

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

 
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