Economic Freedom of India and its neighbors
November 9, 2003
"The Economic Freedom of the World: 2003 Annual Report" published by the Cato Institute is a comprehensive rating of 123 nations summarized under 5 broad criteria, viz:
1. Size of Government: Expenditures, Taxes & Enterprises
2. Legal
Structure & Security of Property Rights
3. Access to Sound Money
4.
Freedom to Exchange with Foreigners
5. Regulation of Credit, Labor &
Business
Given below is India's standing vis-a-vis most of its neighbors. Bhutan and the Maldives were not covered under the study.
|
Country |
Rank |
Overall |
1 |
2 |
3 |
4 |
5 |
|
India |
73 |
6.1 |
6.9 |
6.0 |
6.5 |
5.1 |
5.8 |
|
Sri Lanka |
77 |
6.0 |
7.0 |
3.9 |
6.8 |
6.0 |
6.1 |
|
Nepal |
80 |
5.9 |
5.3 |
N.A. |
6.7 |
5.9 |
5.5 |
|
China |
101 |
5.3 |
3.8 |
4.1 |
6.5 |
6.7 |
5.2 |
|
Bangladesh |
107 |
5.1 |
5.2 |
2.9 |
6.9 |
4.9 |
5.7 |
|
Pakistan |
107 |
5.1 |
6.7 |
2.9 |
6.4 |
4.3 |
5.2 |
|
Myanmar |
122 |
3.3 |
3.5 |
2.9 |
4.5 |
1.7 |
4.0 |
For details you might visit Cato Institute's web site.
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