- India ranked 130/186 countries
- Index measures the degree of economic freedom in the countries of the world.
- The index was released by top US based Think Tank, The Heritage Foundation.
- The score is based on 12 factors of economic freedom, separated into four categories, using statistics from international organizations like World Bank, IMF, Economist Intelligence Unit and Transparency International.
- India related facts:
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- India is developing into open-market economy, but traces of its past autarkic policies still remain.
- The economic liberalisation measures undertaken in India, including industrial deregulation, privatisation of state-owned enterprises and reduced controls on foreign trade and investment since in early 1990s has accelerated growth.
- However, corruption, underdeveloped infrastructure, restrictive and burdensome regulatory environment and poor financial and budget management continue to undermine overall development.