India ranks 23rd globally in the Sustainable Trade Index 2024, With an overall score of 24.

About Sustainable Index Report 2024

It is developed  by Hinrich Foundation and IMD highlights and ranks global economies in trade sustainability based on three pillars: 

• Economic growth
• Societal advancement
• Environmental resilience

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Top 10 most sustainable trade economies in the world

• New Zealand: Retains its position as the most sustainable trade economy for the third consecutive year.
  • Scores highest across all pillars: economic, societal, and environmental.
• United Kingdom: Maintains strong performance in societal and environmental areas, despite minor economic setbacks.
• Australia: High societal scores with steady progress in economic and environmental resilience.

India’s Position in the Sustainable Trade Index 2024

• Rank: 23rd globally
• Overall Score: 24
• Economic Score: 62.3
• Societal Score: 13.3
• Environmental Score: 43.1

Key Observations for India

• Economic Strength:
  • India’s robust economic growth reflects its status as the world’s fifth-largest economy, with notable advancements in trade and industrial policies.
• Societal Challenges:
  • Persistent issues such as poverty, gender inequality, and social disparities limit societal progress.
• Environmental Concerns:
  • Air pollution, deforestation, and limited environmental policies hinder performance in this area.