India down to 112th spot on World Economic Freedom Index

Posted on:17 Sep 2016 11:03:34
India down to 112th spot on World Economic Freedom Index
17 September 2016 Current Affairs: India has slipped by 10 positions to 112th, out of 159 countries and territories, as it "fared badly" across categories including legal system and regulation, according to the Economic Freedom of the World: 2016 Annual Report. 

Although China, Bangladesh and Pakistan lagged behind India at 113th, 121st and 133th ranks respectively, Bhutan (78), Nepal (108) and Sri Lanka (111) were better placed on the World Economic Freedom Index. 

India has fared badly in all categories i.e. legal system and property rights (86), sound money (130), freedom to trade internationally (144) and regulation (132) except the size of the government (8) .

According to the report, Hong Kong has the highest level of economic freedom worldwide, followed by Singapore, New Zealand, Switzerland, Canada, Georgia, Ireland, Mauritius, the UAE, Australia, and the UK. 

The 10 lowest-ranked countries are: Iran, Algeria, Chad, Guinea, Angola, Central African Republic, Argentina, Republic of Congo, Libya and lastly Venezuela. 

India's leading public policy think tank, Centre for Civil Society, has published the report in collaboration with Canada's Fraser Institute. 

The report is based on data from 2014 and measures the economic freedom by analysing the policies and institutions of all 159 countries and territories. 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs November 2017

20 NOVEMBER
NEWS
19 NOVEMBER
NEWS
18 NOVEMBER
NEWS
17 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Current Affairs September 2017

30 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS
26 SEPTEMBER
NEWS