Why in news?
India has been ranked very low at 76th place out of 82 countries on a new Social Mobility Index compiled by the World Economic Forum
- The report also lists India among the five countries that stand to gain the most from a better social mobility score that seeks to measure parameters necessary for creating societies
- Increasing social mobility, a key driver of income inequality, by 10 per cent would benefit social cohesion and boost the world’s economies by nearly 5 per cent by 2030, the WEF mentioned
- Five key dimensions distributed over 10 pillars – health; education (access, quality and equity); technology; work (opportunities, wages, conditions); and protections and institutions (social protection and inclusive institutions) – shows that fair wages, social protection and lifelong learning are the biggest drags on social mobility globally