India dropped from the 41st position out of 44 countries in the 2022 Global Pension Index to the 45th spot out of 47 countries in 2023.

• The index was released by the United States-based consulting company Mercer and not-for-profit organisation CFA Institute.
• It comprises three sub-indices – adequacy, sustainability and integrity – to measure retirement income systems in 47 countries across over 50 indicators.  
• The first sub-index shows the adequacy of the benefits being provided and the sustainability sub-index represents the likelihood that the current pension system would be able to provide benefits in the future.
• The integrity sub-index includes legislative requirements that influence the overall governance and operations of the pension system, and shows the level of confidence of citizens in it.