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World Governance Indicators : World Bank

World Governance Indicators : World Bank

The World Governance Indicators (WGI) has been released by the World Bank.

  • 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.
  • The World Governance Indicators (WGI) are a research dataset that aggregates the opinions of a substantial number of corporate, citizen, and experts survey respondents from both developed and developing nations on the quality of governance.
  • World Bank’s World Governance Indicators: It assesses 215 countries and territories based on a certain set of criteria.
    • Voice and Accountability
    • Political Stability and Absence of Violence
    • Government Effectiveness
    • Regulatory Quality
    • Rule of Law
    • Control of Corruption
  • India’s WGI score 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.

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