Singapore tops the Index of Economic Freedom

America-based Heritage Foundation released its Index of Economic Freedom last week. Singapore emerged as the top nation in the index and overtook Hong Kong as the world’s most independent and free economy.

Singapore achieved this feat for the first time since 1995, the report was first published. Hong Kong has ever been placed at the top since then. India is ranked in 120th position in the report and It improved its score by 1.3 points from 2019 to score 56.5 in 2020