India

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

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

 

 

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 countrys score on the Heritage Foundations 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.