As compared to 40th out of 43 countries in 2021, India ranked 41 out of 44 countries in the Mercer CFS Global Pension Index. The survey pointed out that the country needs to strengthen its regulatory framework and boost the coverage under private pension arrangements, according to a report by Economic Times (ET).
"In the absence of social security coverage in the country, the adequacy and sustainability sub-indices can be improved significantly by boosting coverage under private pension arrangements," the report based on the survey said.
Mercer CFS Global Pension Index studies 44 countries that account for 65 per cent