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India ranked 123rd in Economy freedom score

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Washington: India ranked 123rd in 2016 Index of Economic Freedom by conservative US think tank Heritage Foundation on Monday, with an improvement of 1.6 points in its overall score.

Though still rated as “mostly unfree”, India with a score of 56.2 out of 100 was among 32 countries which achieved their highest economic freedom scores ever in the 2016 Index.

India scored its best scores on government spending (78.1), fiscal freedom (77.1), monetary freedom (72.8) and trade freedom (71.0).

But on freedom from corruption India scored 38, while it was rated 40 on financial freedom, 35 on investment freedom and 55 on property rights.

With the exception of India, progress among the other BRICS nations Brazil, Russia, India, China, and South Africa has stalled, according to the index which analyzes economic policy developments related to economic freedom in 186 economies.

Russia plunged 10 places in the rankings to 153rd, with its score deteriorating by 1.5 points. The rankings of South Africa, Brazil, and China declined to 80th, 122nd, and 144th, respectively.

According to the Index which rates countries as “free” (scores above 80), “mostly free” (70-80), “moderately free” (60-70), “mostly unfree” (50-60) and “repressed” (below 50), global economic freedom has advanced for the fourth year in a row.

The US continues to be mired in the ranks of the “mostly free,” the second-tier economic freedom category into which the US dropped in 2010.

Worse, with scores in labour freedom, business freedom, and fiscal freedom notably declining, the economic freedom of the US plunged 0.8 point to 75.4, matching its lowest score ever

As many as 97 countries, the majority of which are less developed, gained greater economic freedom over the past year.

The global average economic freedom score of 60.7 is the highest recorded in the 22-year history of the Index.

Of the 178 economies ranked in the 2016 Index, only five (Hong Kong, Singapore, New Zealand, Switzerland, and Australia) earned the designation of “free” with scores above 80.

Others in the top ten but rated “mostly free” were Canada, Chile, Ireland, Estonia and United Kingdom.

As many as 97 countries, the majority of which are less developed, gained greater economic freedom over the past year.

Declining economic freedom was reported in 74 countries, including 19 advanced economies such as the United States, Japan, and Sweden.(IANS)

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Microsoft Surface Pro Now Available In India

There is a full-size glass trackpad with five-finger multi-touch capabilities that allows for ultimate precision and the keyboard is wrapped in soft Alcantara material

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Global chip-maker Qualcomm Technologies and Microsoft have collaborated with leading retailers from across the world to offer new "always connected" Windows 10 PCs powered by the Qualcomm Snapdragon Mobile PC Platform. Wikimedia Commons
  • Microsoft released its Surface Pro in India
  • It is a high-resolution tablet with 12.3-inch touch-display
  • Customers can buy the Surface Pro from a number of retailers in India

Microsoft on Thursday announced its Surface Pro notebook and accessories are available in India. Surface Pro features a high-resolution 12.3-inch “PixelSense” touch display that supports the new Surface Pen 4.

The first generation, 2-in-1 detachable of the Microsoft Surface series — with a configuration of Intel Core m3, 128 GB SSD, 4GB RAM and Intel HD Graphics 615 — will cost Rs 64,999.

Microsoft introduces its Surface Pro Indian markets. Wikimedia Commons
Microsoft introduces its Surface Pro Indian markets. Wikimedia Commons

Customers can buy the device through more than 130 commercial resellers, the company said in a statement.

“We are delighted to announce the launch of Surface Pro in India and offer our consumers another superior device that will enable them create, study, work and play virtually anywhere,” said Vineet Durani, Director, Windows and Devices, Microsoft India.

Also Read: Microsoft Announces Indian Languages Support For e-mail Addresses

With a new hinge that adjusts to 165 degrees, users can now put the device into “Studio Mode”, thus, creating the optimal position to write or sketch.

It also has a tilt functionality that detects the angle of the Surface Pen to enable more natural shading.

At 8.5-mm thickness and weighing 767 grams, the notebook packs the in 7th-generation Intel Core processor with a fanless design.

Surface Pro has a battery life of 13.5 hours. Wikimedia Commons
Surface Pro has a battery life of 13.5 hours. Wikimedia Commons

 

Its battery supports up to 13.5 hours of life.

There is a full-size glass trackpad with five-finger multi-touch capabilities that allows for ultimate precision and the keyboard is wrapped in soft Alcantara material. IANS

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