Worldwide Governance Indicators

Recently, the World Bank released the Worldwide Governance Indicators (WGI). WGI play a key role in deciding sovereign credit rating of countries.

About WGI

• It assesses 215 countries and territories based on the following dimensions of governance:
  • Voice and Accountability;
  • Political Stability and Absence of Violence;
  • Government Effectiveness;
  • Regulatory Quality;
  • Rule of Law; and
  • Control of Corruption.
• Sources: These aggregate indicators combine the views of a large number of enterprise, citizen and expert survey respondents in industrial and developing countries.They are based on over 30 individual data sources produced by a variety of survey institutes, think tanks, non-governmental organizations, international organizations, and private sector firms.

India's ....