India’s Economic Freedom Index is the only indicator of economic freedom that India has used for more than 40 years.
The index, which tracks the extent to which economic growth and inequality are perceived by people, is widely used across the world.
The most recent update of the index, released in October this year, saw the United States fall to the fourth position, after the United Kingdom, France and China.
The latest data show that India was ranked fourth in India with a score of 0.77, behind Germany (0.82), Brazil (0,88) and the United Arab Emirates (0.,97).
The index is calculated by taking the average score of the countries that it ranks across the five freedoms, which include freedom from government interference, freedom from discrimination, freedom of association, freedom to assemble and freedom from arbitrary arrest.
The United States, however, scores highest in terms of freedom from coercion and the use of force, followed by the United Nations (0-2), the European Union (1-2) and Japan (1.0).
“The United States scores well because it has been a member of the G20 since 2004, and has a very strong commitment to free trade and globalization,” said Aravind Chatterjee, co-founder of Global Financial Integrity, a nonprofit that has studied economic freedom in India.
“The United Kingdom scores better because it’s a member, and it’s not as free as the United states.”
India is the second largest economy in the world, behind China, but has not made it into the top five in the index for the last five years.
In its report, Global Financial Intelligence, Global Affairs Institute, said that in India, the index score is highly skewed towards the wealthier sectors, like financial services and insurance, which account for almost a third of GDP.
It also found that the country’s economic freedom index has become more volatile in recent years, as more of the country is in the grip of political turmoil.
The report said that economic freedom was also impacted by political parties and the extent of the influence of the business community.
“A growing number of Indians are dissatisfied with their economic situation, with rising inflation and the high number of jobs that are in jeopardy,” the report said.
“In recent years the economic freedom score has become a key metric in political campaigning, with the rise of populist parties in various states and political parties dominating the debate.”
The report also said that India’s economic development has been in rapid decline over the last decade, which led to the loss of millions of jobs.
“While India has become one of the fastest-growing economies in the developing world, its economic growth is not translating into better opportunities for its people,” said S. Venkatesh, director of Global Economic Integrity.
“With increasing inequality and the growth of a strong business sector, the economy is increasingly in crisis.
In a way, this is not surprising as the Indian economy is built on huge capital flows.”
The United Nations Economic and Social Council last year called for India to overhaul the way it measures economic freedom and improve the countrys economic development.
It said the index scores have been inconsistent and do not reflect the real picture of economic conditions in India.
“The index has also been criticized for not tracking corruption.
Many countries use different measures of economic activity, including the index and the International Monetary Fund’s World Economic Outlook for 2016,” it said.