“…Scientific research community, existing researchers and international development organizations have created several indexes such as human development index, physical quality life index, small business optimism index, global happiness index, ease of doing business index, global competitive index, economic freedom index, corruption perception index, civil liberties index, global manufacturing index, business environment index, buyer sophistication index, firm level technology absorption index, logistic performance index, market potential index, entrepreneurship and development index, global peace index, food security index, livelihood security index, sustainable livelihood security index, global slavery index, global liveability index, economic development index, social development index, socio-economic development index, environmental sustainability index, environmental performance index, energy sustainability index, energy performance indices, consumer price index, insomnia severity index, climatological index, climate variability index, index system of agricultural sustainable development capability, agricultural sustainability index, water quality index, global sustainable development index, global sustainable development goals index and other indexes. Above indexes used as a proxy for assessing the relative or absolute progress of specific socio-economic and other activities for a county or across economies or across entities [3,4,12,14,20,24,35,36,[38][39][40][41][42][43][44]. Any index can be developed using primary and secondary data for a specific socio-economic activity at micro to macro level.…”