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Index of Economic Freedom 2018
April 16 , 2018
2286 days
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- Index of Economic Freedom 2018 was released recently. It measures the degree of economic freedom in the world countries. India ranked 130th out of 186 economies in this index.
- In this edition of index, India with score of 54.5 jumped 13 places from 143rd rank in previous year (2017) with a score of 52.6 points.
- The top 10 countries in the Index of Economic Freedom 2018 is Hong Kong, Singapore, New Zealand, Switzerland, Australia, Ireland, Estonia, United Kingdom, Canada and UAE.
- China ranked at 111th place. It has jumped one spot compared from 112th rank in previous edition.
Index of Economic Freedom (IEF)
- The Index of Economic Freedom (IEF) is released by top US based Think Tank, The Heritage Foundation.
- It ranks countries based on score ranging from 0 (least free) to 100 (most free).
- 0 denotes countries with least free economics. 100 denotes countries with most free economics.
- The score is based on 12 factors of economic freedom, using statistics from international organizations like World Bank, IMF, Economist Intelligence Unit and Transparency International.
- Based on the score, countries are grouped in 5 different categories,
- Free (80–100),
- Mostly Free (70.0–79.9),
- Moderately Free (60.0–69.9),
- Mostly Unfree (50.0–59.9) and
- Repressed (0–49.9).
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