India: Business freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

India: Business freedom index (0-100)

: For that indicator, we provide data for India from 1995 to 2020. The average value for India during that period was 51 points with a minimum of 36 points in 2010 and a maximum of 66 points in 2020. The latest value from 2020 is 66 points. For comparison, the world average in 2020 based on 183 countries is 63 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The Business Freedom index for India from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of India in the regulatory process.

Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).
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