New Delhi: India ranked 86 in the ‘Economic Freedom of the World: 2009 Annual Report’ released on Monday by the Centre for Civil Society, or CCS, down from its last year rank of 77.
“Unequal distribution of economic freedom is at the basis of India’s uneven development. The government must first remove all hurdles...(in) the freedom to earn an honest living... With the higher degree of economic freedom, we would achieve more equitable and inclusive growth,” said Parth J. Shah, president, CCS.
Hong Kong has been ranked No. 1 in the report, followed by Singapore and New Zealand. Zimbabwe once again has the lowest level of economic freedom among the 141 jurisdictions included in the study, followed by Myanmar, Angola, and Venezuela. The 2009 report is based on data from 2007, the most recent year for which comprehensive was data available. The annual peer-reviewed report is produced by the Fraser Institute, a Canadian economic think tank, in cooperation with independent institutes in 75 nations and territories.