Get latest articles and stories on Business at LatestLY. The working paper 'Why India does poorly on global perception indices: Case study of three opinion-based indices' written by economists Sanjeev Sanyal and Aakanksha Arora, looked at three indices - Freedom in the World Index, Economist Intelligence Unit (EIU) Democracy Index and Variety of Democracy indices. Business News | India's Rank in Global Perception Indices Declined Due to Shallow, Opaque Methodologies: PM Advisory Panel Member.