Container Ship

Blog Share: A Study on Liberalizing Liquor Trade in India|By D. Dhanuraj and Rahul V Kumar

India is one of the world’s most restrictive places for trade and doing business. In 2014, it is ranked 110 out of 152 countries, in terms of economic freedom, by the Economic Freedom of the World Report. Its Freedom to Trade Index was 6.2 (highest score 10.0), 124 out of 152.[i]Doing business in India remains difficult for both foreign and domestic companies. The country was ranked 133 out of 152 countries by the World Bank this year in its Doing Business Score.[ii] Many studies have indicated trade barriers continue to be a major hindrance to India’s development and prosperity, making trade liberalization and further deregulation critical to its economy. Read more: