CURRENT AFFAIRS

Detailed explanation-1: -India ranked 105th in Economic Freedom Index 2020. India’s total score in this index is 56.5 and its overall score is increased by 1.3 points. Hong Kong for the 1st time secured 2nd rank since the 1st publication in 1995.

Detailed explanation-2: -India’s total score in this index was 56.5 and its overall score is increased by 1.3 points. Singapore topped the Economic Freedom Index 2020. Hong Kong for the first time secured 2nd rank since the 1st publication in 1995. North Korea ranked last, securing 180th rank.

Detailed explanation-3: -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-4: -In 2020, the COVID-19 pandemic had affected trade and India was the world’s 14th-largest importer and the 18st-largest exporter. India has been a member of the World Trade Organization since 1 January 1995. It ranks 63rd on the Ease of doing business index and 68th on the Global Competitiveness Report.

Detailed explanation-5: -India has been ranked 105th position “Global Economic Freedom Index 2020 Annual Report” by Canada’s Fraser Institute, which has been released in India in conjunction with Center for Civil Society, New Delhi-based think tank. This is the 24th edition of Economic Freedom of the World.