The Melbourne Mercer Global Pension Index (MMGPI), published recently, has both good and bad news for India. India has shown the biggest improvement in its global pension ranking, with the index improving from 40.3 in 2015 to 43.4 in 2016. But, it still ranks 25th among the 27 countries the index covers. India belongs to the class of countries whose pension system “has some desirable features but also has major weaknesses and/or omissions that need to be addressed”.
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