The Global Pension Index 2024, ranks a nation’s retirement system on the basis of adequacy, sustainability and integrity. What grade does India fall in, under this index, with a score of 44? 

India ranks at the bottom (Rank 48) in the Mercer Global Pension Index 2024, an index ranks a nation’s retirement system on the basis of adequacy, sustainability and integrity. India scored 34.2 in adequacy, 44.9 in sustainability, and 58.4 in integrity, with an overall 44 in the 2024 study. This gives India an overall Grade of D. India’s lower score was due to the decrease in the net pension replacement rate, which shows the adequacy of retirement income in percentage compared to an individual’s pre-retirement income.