India is on 120th Rank of Economic Independence Index

>> January 15, 2014

These days, business freedom is increasing in Indian business market. But still, India is back from world business community. Two american organisations have published the Annual Economic Independence Index - 2014 in which India is on 120th rank.

If we count this ranking on the Asia basis, India's rank is on 25th.  As per Heritage foundation and Wall street  journals , India is not whole free.  Its economic freedom score is 55.7. Same was in previous year. In 20 years, India has improved 11 score in past 20 years history. The Teri Miller of Centre for international trade and economics says, India is slowly progressing in economic freedom. There are 10 main basis of rating for indexing the 186 countries. Few can be told.

a) Honest Law
b) Limited Govt. interface
c) Free market.

Singapore is on the second rank in the rating because this country is top in all 10 basis of rating. 

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