News: The Global Economic Freedom Index 2020 has been released as a part of the Economic Freedom of the World: 2020 report by the Fraser Institute in Canada.In India, the report was co-published by Delhi-based Centre for Civil Society.
Facts:
- About the report: The report measures the ‘economic freedom’ or the ability of individuals to make their own economic decisions in a country, by analysing policies and institutions of these countries.
- Indicators: It ranks countries by looking at indicators like a) regulation, b) freedom to trade internationally c) size of government d) property rights e) government spending and f) taxation.
- Coverage: The report uses data from 2018 as the latest year of comparable statistics and analyses policies and institutions of 162 countries and territories.
Key Takeaways:
- Topped by: The index has been topped by Hong Kong followed by Singapore.
- India: India has been ranked 105 in the index.It was ranked 79th in the previous edition of this report.
- China ranked worse than India overall and was positioned at 124 on the index.
