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 enterprises, 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 Score: India’s WGI score is much below the BBB Median on all six indicators.

• BBB: It is an investment-grade rating issued by global rating agencies such as S&P and Fitch.