02 April, Mumbai
India has been ranked a low 119 out of 130 countries in the 2015 FM Global Resilience Index.
The Index measures business resilience of nations based on economic, risk quality and supply chain factors.
Norway has topped the Resilience Index for being the country best suited for companies seeking to avoid disruptions in their global supply chain operations.
Venezuela is ranked last on the list.
India, despite its scope and global potential, ranks119, falling from 112th rank in 2014.
On the economic parameter, which takes into account GDP, political risk and oil intensity, India is ranked 115, the same as last year.
In the risk quality factor, India is ranked 109 for its quality of natural hazard and fire risk management, a slight improvement from its 113th rank in 2014.
In the third category of supply chain, which looks at corruption control, infrastructure and local supplier quality, India is ranked 89th, falling 11 spots from the previous year.