India fares poorly in World Economic Freedom Index

Despite ranking 112 in the Annual Report 2016, India is still ahead of China, Bangladesh and Pakistan

GN Bureau | September 16, 2016


#Pakistan   #Bangladesh   #China   #Centre for Civil society   #Economic Freedom Report   #India  
 India fares poorly in World Economic Freedom Index
India fares poorly in World Economic Freedom Index

India slipped by 10 positions and now ranks 112th amongst 159 countries and territories included in the Economic Freedom of the World: 2016 Annual Report.

India’s neighbours Bhutan, Nepal and Sri Lanka ranked 78th, 108th and 111th respectively in the report, while China, Bangladesh and Pakistan were positioned at 113th, 121st and 133th ranks respectively. Hong Kong has again emerged at the first position this year.

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

The report is based on data from 2014 (the most recent year of available comparable data) and measures the economic freedom (size of government, legal system and property rights, sound money, freedom to trade internationally and regulation) by analysing the policies and institutions of all 159 countries and territories.

India has fared badly in most categories i.e. legal system and property rights (86), freedom to trade internationally (144) and regulation (132).

While releasing the World Economic Freedom Index, Parth Shah, founder and president, Centre for Civil Society said, "The economic freedom index of a country is directly proportional to the freedom and opportunities available to its citizens. People living in countries with high levels of economic freedom enjoy greater prosperity, more political and civil liberties, and longer lives. On the contrary, countries at the lower levels of freedom index tend to suppress its citizens' freedom and rights."

Hong Kong has the highest level of economic freedom worldwide, followed by Singapore, New Zealand, Switzerland, Canada, Georgia, Ireland, Mauritius, United Arab Emirates, Australia, and United Kingdom at 2nd, 3rd, 4th, 5th, 6th, 7th, 8th and 9th positions respectively. Australia and the United Kingdom have tied for the 10th position this year.

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


Read full report here

Comments

 

Other News

How foreign policy has been Modi’s focus right from the start

The Midway Battle: Modi’s Roller-coaster Second Term By Gautam Chintamani Bloomsbury / 400 pages / Rs 699 Gautam Chintamani, a film historian and author, has penned an in-depth chronicle of prime minister Narendra Modi’s second

Remove unauthorized constructions without pressure: Thackeray to BMC

Maharashtra chief minister Uddhav Thackeray has instructed the Mumbai civic authorities to take immediate action on unauthorized constructions on war footing. In a virtual meeting held on Wednesday, Thackeray said no illegal construction will be tolerated in Mumbai and called upon the BMC to

Covid norms relaxed; Mumbai restaurants, shops to remain open longer

After extending timings of shops and restaurants as well as the reopening of cinema halls and theatres under specified SOPs from October 22, in view of the festive cheer, the Maharashtra government has allowed restaurants and eateries to remain open till 12AM and shops and establishments to function till 1

Global Hunger Index data collection flawed: Arvind Panagariya

Rubbishing the recently released Global Hunger Index 2021, wherein India has slipped to 101 position to be placed below Pakistan, Nepal and Bangladesh, Arvind Panagariya, professor of economics at Columbia University and former vice chairman, NITI Aayog, has said that data collection and methodologies used

‘Blue Zones’ concept of healthy living and its relevance in India

A long life span free from diseases and disability, the so-called healthy aging, has been a matter of prime interest to humanity. It is widely held that the life expectancy is a function of interplay between various genetic and environmental factors. There is scientific evidence to support the fact that on

Motilal Nehru too had petitioned for release of his son: Vikram Sampath

Defence minister Rajnath Singh’s statement, that Mahatma Gandhi had asked V.D. Savarkar to file a mercy petition before the British, has ignited a debate. Vikram Sampath, a historian and author of a recent biography of Savarkar, says two weeks after Jawaharlal Nehru was lodged in Nabha jail, his

Visionary Talk with Dr Arvind Panagariya, Professor, Columbia University & Former VC, NITI Aayog



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter