India slips 26 spots on the Economic Freedom of the World Report, 2020

Fraser Institute, an independent educational and research institute release an annual report every year that ranks 162 countries and territories based on policies and institutions.

Fraser Institute, an independent educational and research institute release an annual report every year that ranks 162 countries and territories based on policies and institutions.

There are 5 key areas and indicators used for the report including ‘size of government, legal structure and property rights, access to sound money, freedom to trade internationally, regulation of credit, labour and business.’
As per the report, India has slipped 26 positions from 2019 to 2020.
In 2019, India ranked 79th and in 2020 India ranked 105th.
According to the report, the top 5 countries are Hong Kong(1), Singapore(2), New Zealand(3), Switzerland(4) and Australia(5).
The countries that ranked the lowest are Iran(158), Angola(159), Lybia(160), Sudan(161) and Venezuela(162).

You can read the full report – https://www.fraserinstitute.org/sites/default/files/economic-freedom-of-the-world-2020.pdf

 

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