Categories: Ranks & Reports

India ranked 105th position in Global Economic Freedom Index 2020

India has been ranked 105th position “Global Economic Freedom Index 2020 Annual Report” by Canada’s Fraser Institute, which has been released in India in conjunction with Center for Civil Society, New Delhi-based think tank. This is the 24th edition of Economic Freedom of the World.

The Rankings were based on 2018 data and many new restrictions on international trade, tightening of the credit market due to Non-Performing Assets (NPAs) and COVID-19’s impact on debt and deficits did not reflect in India’s score. The Report has been divided into 4 Quartiles based on the rankings.

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Top 5 countries in Global Economic Freedom Index 2020 rankings:

Rank	Country
1st	Hong Kong
2nd	Singapore
3rd	New Zealand
4th	Switzerland
5th	United States
105th	India
124th	China

The 10 lowest-rated countries are the African Republic, Democratic Republic of Congo, Zimbabwe, Algeria, Iran, Angola, Libya, Sudan and Venezuela.

Degrees of Freedom:

The degree of freedom is measured in five broad areas. They are:

Size of Government
Legal System and Property Rights
Sound Money
Freedom to Trade Internationally
Regulation

Important takeaways for all competitive exams:

Fraser Institute Chairman: Peter Brown.
Fraser Institute Headquarters: Vancouver, Canada.
Centre for Civil Society President: Partha J Shah.
Centre for Civil Society Headquarters: New Delhi.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.