Indian economy is 55.6% free

Heritage Foundation/WSJ's latest report on Economic Freedom says

India's economy is 55.6 percent free, according to our 2007 assessment, which makes it the world's 104th freest economy. Its overall score is 3.3 percentage points higher than last year, partially reflecting new methodological detail. India is ranked 19th out of 30 countries in the Asia–Pacific region, and its overall score is lower than the regional average.

India enjoys strong fiscal freedom, freedom from government, and monetary freedom. The top individual and corporate income tax rates are moderate, and overall tax revenue is not excessive as a percentage of GDP. Government expenditure is relatively low as well, although a significant amount of total tax revenue comes from state-owned businesses. Inflation is fairly low, but government price controls hinder market forces.

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