* indicates monthly or quarterly data series
India: Monetary freedom index (0-100): For that indicator, The Heritage Foundation provides data for India from 1995 to 2019. The average value for India during that period was 70.08 points with a minumum of 62.9 points in 2012 and a maximum of 77.6 points in 2003. See the global rankings 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.