FM Global released Global Resilience Index 2015 Report

FM Global in the first week of April released Global Resilience Index 2015.

The Index offers powerful insights to help business executives target their investments towards more reliable returns and to protect their customers from unforeseen disruption.

Out of the 130 countries and regions assessed Norway topped the list in terms of business resilience.

The top ten countries in the Index are
Norway (1)
Switzerland (2)
Netherlands (3)
Ireland (4)
Luxembourg (5)
Germany (6)
Qatar (7)
Canada (8)
Finland (9)
the United States region (10)

The bottom five countries in the Index are
Dominican Republic (126)
Nicaragua (127)
Mauritania (128)
Kyrgyz Republic (129)
Venezuela (130)

The Index used nine core drivers that are categorized into three factors namely Economic Productivity, Risk Quality, and Supply Chain to assess business resilience of the countries or regions surveyed.

India’s position in the Index
•    India has been placed at the 119th position in the 2015 Index compared to 112th rank it secured in the 2014 Index.
•    India is ranked at the 115th position in the Economic Productivity category that takes into account GDP per capita, political risk and oil intensity. This rank is same as in the Index 2014.
•    In the Risk Quality factor, India is placed at the 109th position from 113th rank in 2014 which took into account exposure to natural hazard, Quality of natural hazard risk management and Quality of fire risk management.
•    In the Supply Chain category, which takes into account control of corruption, Infrastructure and local supplier quality, India has improved its rank from 100th position in the year 2014 to 89th position.
•    According to the report, despite India’s huge economic potential it is placed at the 119th position because one third of its population is still living below the poverty line-–one of the highest incidences outside sub-Saharan Africa.