India's retirement savings and income system index has improved over the last year and the performance is likely to improve significantly as pension coverage of the unorganised sector increases, says a report.
According to the Melbourne Mercer Global Pension Index, India's overall value increased from 42.4 in 2012 to 43.3 in 2013, out of 100. Of the 20 nations on the list, India is ranked at the 19th position.
However, India's score in the adequacy sub-index, which essentially measures how much income individuals are likely to have at retirement, improved from 37.4 in 2012 to 41.2 in 2013.
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