India has ranked 40th out of 43 pension systems across the world in the 2021 Mercer CFS Global Pension Index survey, suggesting the need for strategic reforms in India to revamp the pension system so as to ensure adequate retirement income. India had stood at 34th position out of 39 pension systems rated in 2020. Iceland has topped this ranking with an index value of 84.2.
India had an overall index value of 43.3. Thailand had the lowest overall index value at 40.6.
