India: Monetary freedom

* indicates monthly or quarterly data series
 India

Monetary freedom index (0-100)

 Latest value 69.10
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 70.21
 Min - Max 62.90 - 77.60
 Source The Heritage Foundation
For that indicator, we provide data for India from 1995 to 2024. The average value for India during that period was 70.21 points with a minimum of 62.9 points in 2012 and a maximum of 77.6 points in 2003. The latest value from 2024 is 69.1 points. For comparison, the world average in 2024 based on 174 countries is 67.58 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


Recent values chart
India - Monetary freedom - Recent values chart

Historical chart
India - Monetary freedom - historical chart - 1995-2024




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.

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 Related indicators Latest value Reference Measure
 Property rights 49 2024 points
 Freedom from corruption 41 2024 points
 Fiscal freedom 7 2024 points
 Business freedom 68 2024 points
 Labor freedom 58 2024 points
 Monetary freedom 69.10 2024 points
 Trade freedom 62 2024 points
 Investment freedom 40 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 53 2024 index points
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