CURRENT AFFAIRS

Detailed explanation-1: -India ranked 130th out of 186 economies in recently released Index of Economic Freedom 2018 that measures the degree of economic freedom in the countries of the world. In this edition of index, India with score of 54.5 jumped 13 places from 143rd rank in previous year (2017) with a score of 52.6 points.

Detailed explanation-2: -India’s economic freedom score is 53.9, making its economy the 131st freest in the 2022 Index. India is ranked 27th among 39 countries in the Asia–Pacific region, and its overall score is below the regional and world averages.

Detailed explanation-3: -India has recently overtaken the UK to become the fifth largest economy in the world. What is the nominal GDP of India in 2022? India’s nominal GDP in 2022 is $3.8 trillion. According to the World Economy Ranking 2022, which are the countries with the 10 largest economies in the world?

Detailed explanation-4: -World Economic Forum 2016: India ranked 22nd among world’s best countries-The Economic Times.

Detailed explanation-5: -The latest value from 2022 is 54 index points. For comparison, the world average in 2022 based on 175 countries is 60 index points.