Neighbouring Bangladesh is placed at 50th position and leads the South Asia region.
In 2018 and 2017, India ranked 108th in the gender gap index.
In the Global Gender Gap Report, 2020, released on Tuesday, Iceland continued to be the most gender-equal country, followed by Norway, Finland, Sweden and Nicaragua.
"Iceland is once again the most gender-equal country in the world for the 11th time in a row," the report said.
Since 2006, the Global Gender Gap Index has been measuring the extent of gender-based gaps among four key dimensions Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment and tracking progress towards closing these gaps over time.
This year's edition of the report benchmarks 153 countries and provides country rankings that allow for effective comparisons across and within regional peers.
The South Asia region, according to the report, has closed two-thirds of its gender gap. If the rate of progress of the past 15 years was to continue, it will take 71 years to close the region's gender gap, the report added.
"However, in contrast with the overall's performance, the region's economic participation and opportunity gap widens this year. Bangladesh leads the region, while the second-ranked country, Nepal, lags several positions behind at 101," the report said.
Sri Lanka was at the third position, India ranked fourth among the seven South Asian nations. At 123rd rank, Maldives is fifth from the region and Bhutan at sixth with 131 ranks.A
The reports say Pakistan scored last among the seven South Asian nations and is antepenultimate, only ahead of Iraq and Yemen, among the 153 countries.
The eight regions assessed by the report are Eastern Europe and Central Asia; the Middle East and North Africa; East Asia and Pacific; Latin America and the Caribbean; North America; South Asia; Sub-Saharan Africa and Western Europe.
Also, the report said according to the current trajectory for closing the gender gap across politics, economics, health and education, the overall global gender gap will close in 99.5 years.
"The time it will take to close the gender gap narrowed to 99.5 years in 2019. While an improvement on 2018 when the gap was calculated to take 108 years to close it still means parity between men and women across health, education, work and politics will take more than a lifetime to achieve."
According to the report, this year's improvement can largely be ascribed to a significant increase in the number of women in politics. The political gender gap will take 95 years to close, compared to 107 years last year.
( With inputs from IANS )