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India 112th in World Economic Freedom Index

India has been ranked 112th out of 159 countries in the 2016 World Economic Freedom Index (WEFI). 
•    The index was release as part of the 2016 annual report of the Economic Freedom. 
•    The report measures the economic freedom by analyzing the policies and institutions of all 159 countries and territories and was based on data from the year 2014. 
•    The economic freedom index of a country is directly proportional to the freedom and opportunities available to its citizens. 
•    Top 10 Countries in 2016 WEFI: Hong Kong (1st), Singapore (2nd), New Zealand (3rd), Switzerland (4th), Canada (5th), Georgia (6th), Ireland (7th), Mauritius (8th), UAE (9th) and Australia (10th). 
•    10 lowest-ranked countries: Iran (150th), Algeria (151st), Chad (152nd), Guinea (153rd), Angola (154th), Central African Republic (155th), Argentina (156th), Congo (157th), Libya (158th) and Venezuela (159th).

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