KSG Explainer: #India Slips 26 Places To GEF Index 2020 Lags in Rules & Freedom #KSGIndia #News
India in GEF Index 2020 India has fallen 26 spots to the 105th position on the Global Economic Freedom (GEF) Index 2020, according to a report released on 10 September 2020. The country was at the 79th spot in last year's rankings. The Economic Freedom of the World: 2020 Annual Report by Canada's Fraser Institute has been released in India in conjunction with New Delhi-based think tank Centre For Civil Society. India in Global Economic Freedom Index 1. The report said prospects for increasing economic freedom in India depend on next generation reforms in factor markets and in greater openness to international trade. 2. India reported a marginal decrease in size of government (from 8.22 to 7.16), legal system and property rights (from 5.17 to 5.06), freedom to trade internationally (6.08 to 5.71) and regulation of credit, labour and business (6.63 to 6.53). A score closer to 10 indicates a higher level of economic freedom. 3. A major disappointment for India came on the parameter of "freedom to trade internationally", on which India ranked 139th, compared with 137th in 2017, showed the ‘Economic Freedom of the World’ report. 4. Another key disappointment was India's ranking on "regulation", where it stood 122nd in 2018, against 114th a year earlier. 5. However, the country gained one place to 88th on "sound money" in the latest report, against 89 in the previous one. How the Global Economic Freedom Index measured 1. The report measures economic freedom (levels of personal choice, ability to enter markets, security of privately owned property, rule of law, among others) by analysing the policies and institutions of 162 countries and territories. Other countries in the Global Economic Freedom Index 1. According to the report, based on 2018 data, Hong Kong and Singapore once again topped the index, continuing their streak as first and second ranked, respectively. 2. India has been ranked higher than China, which stands at the 124th position. 3. New Zealand, Switzerland, US, Australia, Mauritius, Georgia, Canada and Ireland round out the top-10. 4. The 10 lowest-rated countries are African Republic, Democratic Republic of Congo, Zimbabwe, Republic of Congo, Algeria, Iran, Angola, Libya, Sudan and Venezuela. 5. Other notable rankings include Japan (20th), Germany (21st), Italy (51st), France (58th), Mexico (68th), Russia (89th) and Brazil (105th). KSG India, Khan Study Group, is the best IAS Coaching Institute for General Studies and CSAT in India. Power Of Classroom Courses : All India 3 times Highest GS Score in Last 5 Years. Srushti Jayant Deshmukh (Rank 5 UPSC CSE 2018-19), Tina Dabi (Rank 1 UPSC CSE 2015-16) and Rachit Raj (Rank 3 UPSC CSE 2013-14) topped the nation with HIGHEST GENERAL STUDIES Marks in UPSC Civil Services Examination. All TOP 10 Successful Candidates of UPSC Civil Services Exam 2018 Are From KSG. Every 2nd Selected Candidate of UPSC Civil Services Exam 2017, including ANU KUMARI (AIR 2) & SACHIN GUPTA (AIR 3), is from KSG, Every 3rd Selected Candidate of UPSC Civil Services Exam 2016 was from KSG and also KSG gave more than 100 TOP IAS Candidates in 2015-16 including Tina Dabi (AIR 1) & Athar Aamir (AIR 2). We also have Prelims, Mains and Integrated Test Series, visit https://www.ksgindia.com/ktp.html or call +91-9667779058 for more details Under the expertise of Dr Khan, Khan Study Group (KSG) has Nine centres. Two are situated in Delhi, such as Hudson Lanes (Vijay Nagar) and the other in Karol Bagh (Rajender Nagar). Our Jaipur (Rajasthan) Centre is at LAL KOTHI, TONK ROAD. We have two Centres in Madhya Pradesh, one is in BHOPAL and other is in INDORE We also have our centre in Patna (Bihar) and Ranchi (Jharkhand). We have two centres in Bengaluru (Karnataka) which are located in Koramangala (5th Block) and Chandra Layout (Vijay Nagar) Fee Structure : https://www.ksgindia.com/admission/fe... Pay Fee Online : https://www.ksgindia.com/admission/pa... Website- https://www.ksgindia.com Facebook- / khanstudygroup Twitter- / khanstudygroup Instagram- / khanstudygroup YouTube- / khanstudygroupksg Email- [email protected] Call / WhatsApp / Telegram- +91-8860588805 For any technical help/support: Ankit Raj Gupta (+91-9868005599 & [email protected]) #UPSC #Online #CurrentAffairs
