Prime Minister’s Economic Advisory Council paper cites problems with perception indices

A working paper from the Prime Minister’s Economic Advisory Council Tuesday said there were serious problems with the methodology used in these perception-based indices-Freedom in the World Index, V-DEM indices and EIU Democracy Index.

Since these indices are inputs into the World Governance Indicators, the World Bank should ensure greater transparency and accountability from these institutions, the EAC said.

In a series of tweets, the PMEAC said these indices are primarily based on the opinions of a tiny group of unknown “experts”.

Freedom in the World Index and V-DEM indices have placed India at the same level as during the Emergency of the 1970s, it pointed out, adding that India had been placed below countries like Northern Cyprus. “There are serious problems with the methodology used in these perception-based indices. First, these indices are primarily based on the opinions of a tiny group of unknown “experts”, it said.

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