India: Fiscal freedom
(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series
India: Fiscal freedom index (0-100), 1995 - 2022:
For that indicator, we provide data for India from 1995 to 2022. The average value for India during that period was 72 points with a minimum of 4 points in 2022 and a maximum of 79 points in 2014. The latest value from 2022 is 4 points. For comparison, the world average in 2022 based on 175 countries is 61 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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The Fiscal Freedom index for India from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.