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Economic freedom index
April 8 , 2020
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- Singapore overtook Hong Kong as the world's freest economy for the first time since 1995.
- The Index was first published in 1995 and Hong Kong has topped the charts ever since.
- Created by the Heritage Foundation and The Wall Street Journal, the annual index measures the degree of economic freedom in the world's nations.
- The World Index of Economic Freedom covers 12 freedoms including property rights, financial freedom, government integrity, labour freedom, trade freedom, investment freedom and business freedom.
- Altogether the study encompasses 186 countries.
- India is ranked in 120th position in the study.
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