India: Monetary freedom

The latest value from 2025 is 69.9 points, an increase from 69.1 points in 2024. In comparison, the world average is 67.60 points, based on data from 174 countries. Historically, the average for India from 1995 to 2025 is 70.2 points. The minimum value, 62.9 points, was reached in 2012 while the maximum of 77.6 points was recorded in 2003. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The Monetary Freedom index for India from The Heritage Foundation reflects the stability of prices in India and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.

Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.