Sustainable Trade Index 2024 by released by Hinrich Foundation and IMD.
- The index highlights and ranks global economies in trade sustainability based on three pillars: economic growth, societal advancement, and environmental resilience.
- Sustainable trade is defined as a trade that provides mutually beneficial outcomes for trading partners while effectively balancing economic, social, and environmental considerations.
- New Zealand has retained as the ‘most sustainable trade economy’ for the third consecutive edition. Following next are United Kingdom, Australia and Singapore.
- India has been ranked 23rd globally in the Sustainable Trade Index 2024. India’s overall score is 24, with 62.3 for economic factors, 13.3 for societal aspects, and 43.1 for environmental considerations.
