The latest Index of Economic Freedom ranks India 120th globally and 25th among 43 countries in the Asia-Pacifi c region, clubbing the country with BRIC nations in the “mostly unfree” category.
India scored 55.7 points on a scale of 0 to 100, its highest ever. Over the 20-year history of the index, India has advanced its economic freedom score by almost 11 points.
Hong Kong and Singapore finished first and second in the rankings for the 20th straight year.
The world average score of 60.3, which is seven-tenths of a point above the 2013 fi gure, is the highest in the history of the index.