4 min read.Updated: 26 Sep 2018, 11:46 PM ISTLivemint
There is a strong correlation between it and well-being, economic and otherwise
The release of the Cato Institute and Fraser Institute’s annual Economic Freedom of the World (EFW) report this week is a touch ironic. It comes days after a great deal of ink has been spilt on the tenth anniversary of Lehman Brothers’ collapse. The global financial crisis that followed turned capitalism and free markets into four-letter words for many. The report is a timely reminder of their continued importance in a country like India.