India inched up one place although its score remained unchanged in the Eurasia Group’s latest ranking of 24 nations based on political risk. The country rose to 10th place with a score of 63 as Algeria dropped down to No. 14. Still, India’s outlook was cut to neutral from positive. “The government will step up rural spending to alleviate the effects of the weak monsoon,” said the Eurasia Group.

Also See Composite Score (Graphics)

Any higher spending would strain government finances further. Pakistan maintained its place at the bottom of the rankings, with its outlook reduced to neutral from positive. At No. 1, South Korea replaced Hungary, which dropped to No. 2.

Also Read Previous editions of the index

The index is a composite measure of a country’s government, society, security and economy.While the score indicates stability or instability for the month gone by (August, in this case), the outlook (positive, negative or neutral) indicates which way the scores will move.

Mint has partnered with the Eurasia Group for Global Political Risk Index (GPRI) and runs this every month.

Graphics by Paras Jain / Mint

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