India?s economic development has been marred by corruption, says The Heritage Foundation.
The country's economic freedom score is 55.2, making its economy the 119th freest in the 2013 Index.?
Its score is 0.6 point higher than last year, with improvements in the management of public finance and monetary freedom offsetting a continuing decline in freedom from corruption, says The Heritage Foundation, in partnership with?The Wall Street Journal?which has tracked economic freedom of countries around the world.
?In the absence of a well-functioning legal and regulatory framework, corruption throughout the economy is becoming a more serious drag on the emergence of a more dynamic private sector, states the study.
Launched in 1995, the?Index?evaluates countries in four broad areas of economic freedom: rule of law; regulatory efficiency; limited government; and open markets.?
Take a look at the nations that score high on economic freedom?
A dancer in an traditional Indian dress poses in front of an elephant.
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