ECONOMIC FREEDOM INDEX

economic freedom index

On the list of economic freedom index, India ranked in 105th position. India slipped 26 ranks below last year’s position freedom which is bad economic news for India. The freedom index of 2020 is prepared by the Fraser Institute of Canada. In this list, every country is given a number out of 10. And accordingly ranking is given to countries.

Lets first know what does this index means?

This index shows the economic freedom of 186 countries to trade internationally, business freedom, property freedom, and investment freedom.

Top 10  countries on this list is

  1. HONG KONG
  2. SINGAPORE
  3. NEW ZEALAND
  4. SWITZERLAND
  5. AUSTRALIA
  6. UNITED STATES
  7. MAURITIUS
  8. GEORGIA
  9. CANADA
  10. IRELAND

The reason for this slip down cannot be blamed on the coronavirus pandemic. Corona‚Äôs Impact will be seen in next year’s listing.

Source : Fraser institute

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