India 9th among 22 nations in crony capitalism index

Q.  India is currently at which rank in The Economist’s crony capital index?
- Published on 10 May 16

a. 99th
b. 19th
c. 29th
d. 9th

ANSWER: 9th
 
India is 9th among 22 countries in crony capitalism index, according to a study by The Economist. Crony wealth sector accounts for 3.4 percent of the GDP. Non crony sector wealth amounts to 8.3 percent of GDP as per latest crony capitalism index. Within the 2014 ranking, India stood at 9th place too.
  • Russia tops the list followed by Malaysia, Singapore and the Philippines. Of the 22 economies in the index, crony wealth has fallen by US $116 billion since 2014
  • If commodity prices rebound, crony capitalist wealth is sure to rise again.

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