Global Pension Index 2023

• India's rank in the Global Pension Index 2023 has dropped to 45th out of 47 countries.

• In 2022, India was ranked 41st among 44 countries. In 2021, India was ranked 40th out of 43 countries.

• India's score improved slightly from 44.4 in 2022 to 45.9 in 2023.

• The report said the improvement in India's score was mainly due to improvements in the adequacy and sustainability sub-indices.

• Netherlands ranks first globally. This is followed by Iceland and Denmark. Argentina ranks last in the index.

• Mercer and CFA Institute have released the 15th annual Mercer CFA Institute Global Pension Index (MCGPI).

• The Netherlands had the highest overall index value (85.0). Iceland's overall index value was 83.5.

• Denmark's overall index value was 81.3. Argentina had the lowest index value (42.3).

• The 2023 Global Pension Index compares 47 retirement income systems. It contains 64% of the world's population.