In a global retirement index of 43 countries, India has ranked the lowest. The index by French asset management company Natixis Global, ranks countries on the basis of four factors
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The material means to live comfortably in retirement.
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Access to quality financial services to help preserve savings value and maximize income.
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Access to quality health services.
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A clean and safe environment.
Ranking of India
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On all four, India has ranked the lowest. Switzerland, Norway and Iceland topped the ranking.
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The index ranks 43 countries which include International Monetary Fund (IMF) advanced economies, members of the Organization for Economic Co-operation and Development (OECD) and the BRIC countries (Brazil, Russia, India and China).
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India ranks 43rd in this year’s GRI and has the same score compared to last year but its sub-indices all rank in the bottom five.
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Compared to last year’s report, India declines in the Material Well-being (41st) and Health (43rd) sub-indices but gains ground in Finances (39th) and Quality of Life (43rd).
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The index ranks mostly advanced economies, not comparable to India. But India also ranks the lowest among the BRIC economies.
Source:Economic Times