India

Economic Freedom Rating, 5-Yr Change - India Compared to Continent

Footnote

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Uzbekistan	36.51%
Laos	20.00%
Georgia	18.21%
Tajikistan	17.02%
Kazakhstan	15.78%
Mongolia	8.81%
Vietnam	7.85%
Kyrgyztan	7.74%
Japan	7.13%
Nepal	6.11%
India	5.81%
Malaysia	5.65%
Armenia	4.48%
Pakistan	3.34%
Azerbaijan	2.22%
Hong Kong	0.50%
China	0.42%
South Korea	-0.60%
Taiwan	-0.87%
Singapore	-0.90%
Indonesia	-3.39%
Thailand	-3.54%
Sri Lanka	-6.72%
Philippines	-7.31%
Bangladesh	-8.96%
Cambodia	-11.81%
Myanmar	-11.95%
Turkmenistan	-15.54%
North Korea	-66.25%

India: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a country’s score on the Heritage Foundation’s freedom index are calculated by the Global Property Guide to produce a 5-point rating:

• Greatly Improved
• Improved
• Nuetral
• Worse
• Much Worse

Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal

India has just released the pilot issue of Residex (India’s house price index), covering five main cities, through the National Housing Bank (NHB). Since the Residex is new, its methodology is being revised every so often. Unfortunately, the Residex is not publicly available. General economics statistics are from the Reserve Bank of India.