(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series
India: Financial 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 35 points with a minimum of 30 points in 1995 and a maximum of 40 points in 2009.
The latest value from 2020 is 40 points. For comparison, the world average in 2020 based on 179
countries is 49 points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The Financial Freedom index for India from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.