India declines 4 places, ranked 40th in WEF’s financial development index
India was ranked at 40th position in the World Economic Forum’s Financial Development Report 2012, down four spots from last year. The index ranked 62 leading financial systems and capital markets. As per the report weak institutional and business environment in India is the reason behind the fall in ranking.
As per Financial Development Report 2012, the rankings were as follows:
- Hong Kong