India Positioned at 76th on WEF's Global Energy Transition Index

India has elevated two places above to rank at 76^th on World Economic Forum Global Energy Transition Index, which has placed 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability.

Sweden maintains top position on this yearly list collected by Geneva-based World Economic Forum (WEF) and is trailed by Switzerland and Norway in the top three, as per its latest report.

The WEF believed energy systems have globally become less affordable and less environmentally sustainable than they were five years ago, though access to energy has enhanced with less than 1 billion now living without access to electricity. It held India is midst the countries with high pollution levels and has a comparatively high CO2 intensity in its energy system.

"In spite of this, India has made substantial strides to improve energy access in recent years, and currently scores well in the area of regulation and political commitment towards energy transition," the WEF supposed.

It recommended there was a ground for buoyancy regarding India regardless of the current outdated energy system not being ready for transition, because an enabling environment is being built to support future transition.

While India has scored low in terms of system performance (ranking 97 and 86, correspondingly), it ranks substantially higher when it comes to willingness (45 and 61, respectively). Largely, India has moved up two places from 78^th last year.

China is ranked even lower than India at 82^nd position, though it ranks very high at 7^th place in the world for regulation and political commitment.

Despite its low ranking, India is the second best in the BRICS block of developing economies, with Brazil being the best at 46^th place globally. However, India is the only amid the five economies to improve its rank since last year.

Among major economies, the UK is ranked 7^th, Singapore 13^th, Germany 17^th, Japan 18^th and the US 27^th. Inside Asia, Malaysia is ranked highest at 31^st, Sri Lanka is 60^th, Bangladesh 90^th and Nepal 93^rd.

The WEF said its index deliberates both the current state of the countries' energy system and their structural readiness to acclimatize to future energy needs.