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NUll

19th

2016

India slips 10 notches in World Economic Freedom Index 2016: -


India has slipped 10 positions and ranks behind Bhutan (78), Nepal (108) and Sri Lanka (111) but stood higher than China (113), Bangladesh (121) and Pakistan (133) in the World Economic Freedom Index 2016. Hong Kong topped the index, followed by Singapore and New Zealand among 159 countries. The Economic Freedom of the World: 2016 Annual Report, released worldwide on September 16 by the Centre for Civil Society, a public policy think tank, along with Canada’s Fraser Institute, measures the degree of economic freedom in countries in five broad areas based on 2014 data -- size of government: expenditure, taxes and enterprises; legal structure and security of property rights; access to sound money; freedom to trade internationally and regulation of credit, labor, and business. “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



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