India’s overall ranking is a poor - 76 out of the 82 countries considered.
Among BRICS grouping, the Russian Federation is the most socially mobile (39 th), followed by China (45 th), Brazil (60 th), India (76 th) and South Africa (77 th).
Among the G7 economies, Germany is the most socially mobile - ranking 11 th, followed by France in 12 th position.
Top Performers: The Nordic nations hold the top five spots, led by Denmark in the first place (scoring 85 points), followed by Norway, Finland and Sweden (83 points) and Iceland (82 points).
Protection and Institutions (social protection and inclusive institutions).
Work (opportunities, wages, conditions).
Education (access, quality and equity, lifelong learning).
The WEF’s Global Social Mobility Index assesses the 82 economies on “10 pillars” spread across the following five key dimensions of social mobility:.
In economies such as China and India, economic growth can lift entire populations upward in terms of absolute income, but an individual’s status in society relative to others remains the same.
It needs to be noted that the concept of social mobility is much broader than just looking at income inequality.
While, relative social mobility is an assessment of the impact of socio-economic background on an individual’s outcomes in life.
Absolute social mobility is the ability of a child to experience a better life than their parents.
The Social Mobility Report showed that across the Global Social Mobility Index, only a handful of nations have put in place the right conditions to promote social mobility.
The World Economic Forum (WEF) has come out with its first-ever Global Social Mobility Report.
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