Ec. Freedom 5 Years - India Compared to Asia

Footnote | Export Sort: Alphabetically | Ascending | Descending

Click name of country for detailed information
North Korea 391.67%
Philippines 14.90%
Uzbekistan 14.11%
China 12.12%
Malaysia 11.11%
Indonesia 9.82%
Nepal 9.78%
Georgia 9.49%
Tajikistan 8.93%
Kazakhstan 8.47%
Turkmenistan 8.14%
Laos 8.02%
Azerbaijan 7.98%
Timor-Leste 6.85%
Taiwan 6.41%
South Korea 6.24%
Bangladesh 3.35%
Cambodia 3.33%
Bhutan 3.26%
Maldives 2.22%
Vietnam 2.22%
Armenia 2.19%
Thailand 2.03%
Kyrgyztan 1.54%
Singapore 1.23%
Hong Kong -0.09%
Sri Lanka -1.55%
Macau -1.57%
Japan -2.82%
Pakistan -3.43%
India -3.59%
Mongolia -10.96%
 

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 launched Residex (India's house price index) in July 2007, through the National Housing Bank (NHB). Since Residex is relatively new, its methodology is being revised every so often. The eventual aim is to cover residential housing for 63 cities, before extending coverage to commercial property and land. At date of writing (early 2014) Residex covered 26 cities, with 2007 as base year. Residex is publicly available and can be accessed at the National Housing Bank's site. General economics statistics are from the Reserve Bank of India.