New Delhi (PTI): India's ranking has dropped by five points to 85 this year in a global passport index, topped by Singapore for the second consecutive year.
The data draws from Henley Passport Index released by citizenship advisory firm Henley & Partners on Wednesday.
"With historical data spanning 19 years, the Henley Passport Index is the only one of its kind based on exclusive data from the International Air Transport Authority (IATA). The index includes 199 different passports and 227 different travel destinations," according to its website.
The index is considered the standard reference tool for global citizens and sovereign states when assessing where a passport ranks on the global mobility spectrum, it said.
As per the index for 2025, India stands at 85th while the ranking of Pakistan and Bangladesh stood at 103rd (101st in 2024) and 100th (97th in 2024), respectively.
India's ranking in the Henley Passport Index for 2024 was 80th globally.
According to a data chart available on the firm's website, for the range of years from 2006-2025, India's rank was the lowest at 90th in 2021, while its best score was in 2006 when the country was ranked 71st.
For the US, the ranking for 2025 was 9th, down from 7th in 2024, while China's ranking rose to 60th from 62nd in 2024.
Japan's ranking stood at 2nd this year, while it had the top slot from 2018-2023. In 2024, both Japan and Singapore shared the top rank.
According to a statement issued by the firm, only 22 of the world's 199 passports have fallen down the Henley Passport Index ranking over the past decade.
"Surprisingly, the US is the second-biggest faller between 2015 and 2025 after Venezuela, plummeting seven places from 2nd to its current 9th position. Vanuatu is the third-biggest faller, losing six places from 48th to 54th position, followed by the British passport, which was top of the index in 2015 but now sits in 5th place. Completing the top 5 losers list is Canada, which dropped three ranks over the past decade from 4th to its current 7th place," the statement said.
In contrast, China is among the biggest climbers over the past decade, ascending from 94th place in 2015 to 60th in 2025, with its visa-free score increasing by 40 destinations in that time, it said.
The US nationals currently constitute the single largest cohort of applicants for alternative residence and citizenship, accounting for a staggering 21 per cent of all investment migration programme applications received by Henley & Partners in 2024, the statement said.
The firm has more American clients than the next four biggest nationalities -- Turkish, Filipino, Indian and Brits -- combined, CEO Juerg Steffen was quoted as saying in the statement.
"Faced with unprecedented volatility, investors and wealthy families are adopting a strategy of geopolitical arbitrage to acquire additional residence and/or citizenship options to hedge against jurisdictional risk and leverage the differences in legal, economic, political and social conditions across countries to optimise their personal, financial and lifestyle outcomes," he said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
United Nations(PTI): The Indian economy is projected to expand by 6.6 per cent in 2025, primarily supported by robust private consumption and investment, according to a United Nations report that said economic growth in South Asia is expected to remain robust this year mainly driven by the "strong performance" in India.
The UN World Economic Situation and Prospects 2025, released here Wednesday, said that the near-term outlook for South Asia is expected to remain robust, with growth projected at 5.7 per cent in 2025 and 6.0 per cent in 2026, “driven by strong performance in India as well as economic recovery in a few other economies”, including Bhutan, Nepal and Sri Lanka.
The Indian economy grew by 6.8 per cent in 2024 and is forecast to expand by 6.6 per cent in 2025. The Indian economy is projected to return to the 6.8 per cent growth in 2026.
“The economy of India, the largest in the (South Asia) region, is forecast to expand by 6.6 per cent in 2025, primarily supported by robust private consumption and investment. Additionally, capital expenditure on infrastructure development is expected to have strong multiplier effects on growth in the coming years,” the report said.
It added that strong export growth in services and certain goods categories, particularly pharmaceuticals and electronics, will bolster economic activity for India. On the supply side, expansion in the manufacturing and services sectors will keep driving the economy throughout the forecast period.
Meanwhile, favourable monsoon rains in 2024 have improved the summer-sowing areas for all major crops, boosting agricultural output expectations for 2025.
Investment growth has remained particularly strong in East Asia and South Asia, partly driven by domestic and foreign investments in new supply chains, particularly in India, Indonesia, and Vietnam, the report said.
In India, the public sector continues to play a pivotal role in funding large-scale infrastructure projects, physical and digital connectivity, and social infrastructure, including improvements in sanitation and water supply. Strong investment growth is expected to continue through 2025.
Consumer price inflation in India is forecast to decelerate from an estimated 4.8 per cent in 2024 to 4.3 per cent in 2025, staying within the 2–6 per cent medium-term target range set by the central bank. While decreasing energy prices have contributed to the ongoing decline, adverse weather conditions have kept prices of vegetables, cereals, and other staples elevated in 2024, resulting in spikes in the country’s headline inflation in June and September.
It said that several developing economies, including China, India, and Mexico, have maintained robust investment growth, while African nations have faced limited public investment due to high debt servicing burdens, and Western Asia has experienced low investment growth amid subdued oil revenues.
Global economic growth is forecast at 2.8 per cent in 2025 and 2.9 per cent in 2026, largely unchanged from the rate of 2.8 per cent recorded in 2023 and estimated for 2024. The positive but moderately slower growth projected for the two largest economies— China and the United States of America—will likely be complemented by mild recovery in the European Union, Japan, and the United Kingdom and strong performance in several large developing economies, notably India and Indonesia, it said.
China is facing the prospect of gradual economic moderation, with growth estimated at 4.9 per cent in 2024 and projected at 4.8 per cent in 2025. Public sector investments and strong export performance are partly offset by subdued consumption growth and lingering weakness in the property sector.
The Chinese authorities have stepped up policy support to lift property markets, address local government debt challenges, and boost domestic demand; the impacts of relevant initiatives are expected to be manifested over time, it said.
The shrinking population and rising trade and technology tensions, if unaddressed, could threaten the country’s medium-term growth prospects, it said.
Among developing countries, robust momentum in India and modest growth acceleration in Africa, Western Asia, and Latin America and the Caribbean will offset a slight moderation of growth in China.
The report noted that weaker external demand, persistent debt challenges, and social unrest and political turmoil in some economies may undermine the outlook for the South Asian region.
“However, risks to the outlook are tilted to the downside owing to the possible escalation of geopolitical tensions, deceleration in external demand, ongoing debt challenges, and social unrest. In addition, as the region is highly vulnerable to the impact of climate hazards, extreme weather events pose a significant risk,” it said.
It said that the labour market situation in developing countries remains challenging, with significant variations in the outlook driven by differing economic conditions and policy responses. Some economies have exhibited resilience, it said adding that employment indicators in India have remained robust.
In India, employment indicators have remained strong throughout 2024, with labour force participation near record highs, the report said, citing the Reserve Bank of India data.
Urban unemployment stood at 6.6 per cent during this period—virtually unchanged from the rate of 6.7 per cent recorded in 2023. Although there has been progress in female labour market participation in the country, substantial gender gaps remain.
Climate-related shocks have battered South Asia in 2024. During the first half of the year, several of the region’s countries—including Bangladesh, India, Pakistan, and Sri Lanka—experienced heatwaves, droughts, and irregular rainfall patterns, which led to reduced crop yields and elevated food prices. Additionally, extreme weather events have disproportionately affected poor rural households, leading to reductions in income and widening income inequality, the report said.