Bangladesh ranked 34th in World Economic Forum index

Desk Report: Bangladesh has been ranked 34th among 79 developing economies, ahead of neighbouring India (62) and Pakistan (47), in the inclusive development index, according to a WEF report.

World Economic Forum’s ‘Inclusive Growth and Development Report 2018’, released on Friday, said that the index takes into account the "living standards, environmental sustainability and protection of future generations from further indebtedness".

In South Asia, only Nepal ranks ahead of Bangladesh at 22.

Norway remains the world’s most inclusive advanced economy, while Lithuania again tops the list of emerging economies, the World Economic Forum (WEF) said while releasing the yearly index before the start of its annual meeting in India.

It urged the leaders to urgently move to a new model of inclusive growth and development, saying reliance on GDP as a measure of economic achievement is fuelling short-termism and inequality.

China, the world’s second biggest economy after the US, is ranked 26th in the World Economic Forum’s ‘Inclusive Growth and Development Report 2018’.

Among advanced economies, Norway is followed by Ireland, Luxembourg, Switzerland and Denmark in the top five.

And the top-five most inclusive emerging economies are Lithuania, Hungary, Azerbaijan, Latvia and Poland.

Source: Agencies

risingbd/Dhaka/January 22, 2018/A K Azad