India Ranks 128th in The List of Freest Economies In The World

Canada: Canada’s overall score this year is 79.1, which is less than 1.1 points from the previous year. However, the study cites some modest improvements in monetary freedom and the control of government spending. Over the past five years, Canada’s economic freedom score has declined by 1.7 points, highlighting a trend that has pushed the country into the “mostly free” category for the first time since 2007. Score declines have been spread over five of the 10 economic freedoms, with an increase in the level of perceived corruption contributing the most to the moderate slide in Canada’s score.

Canada is the freest economy in the North America region; it has seen a drop in labor freedom and freedom from corruption. Canada offers a world’s most stable business environment as an attractive investment destination. Canada has a solid economic foundation with a competitive financial sector.

Estonia: Estonia’s economy proved resilient despite the Euro Zone crisis and a decade of weak regional growth. Estonia’s economic freedom score is slightly higher than last year, reflecting improvements in business freedom, freedom from corruption, and labor freedom. Estonia is ranked 2nd out of 43 countries in the Europe region. After breaking up from the Soviet Union Estonia formed a multi-party democracy focused on improvements in the property rights regime and the entrepreneurial environment. Minimal state interference prudent fiscal policy, a commitment to open markets, and overall regulatory efficiency are the other highlights.

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