Economic Freedom Index: How free is India’s economy?
Economic Freedom Index
The Index of Economic Freedom is published annually by The Heritage Foundation, a Washington think tank. The Index covers 12 freedoms, which can be grouped into four broad categories:
- The rule of law (property rights, judicial effectiveness, and government integrity)
- Government size (tax burden, government spending, and fiscal health)
- Regulatory efficiency (business freedom, labor freedom, and monetary freedom)
- Market openness (trade freedom, investment freedom, and financial freedom)
Economic Freedom in India
Economic freedom in India has improved steadily since the turn of the millennium but still ranks lower than most in the region.
What is the size of India’s economy? See Chart
What is the size of India’s population? See Chart
What is the demographic structure of India? See Chart
How has the structure of India’s GDP changed over the years? See Chart
How much does India’s economy rely on external trade? See Chart
Where are the key economic regions in India? See Chart