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India - Internal Market Openness 6.16

GEM NES · updated 2026-10-03 · 118 economies tracked

Latest value

6.16 (2024)

Global rank

##4 of 118 economies

Share of global total

2.5%

Growth since 2000

1.35×

Ranking Race — Internal Market Openness

1 = global #1 · higher value ranks higher

#1#11#21#31#41#51200020052010201520202024#21#42022 overtook Saudi Arabia2023 overtook Netherlands
IndiaUnited Arab EmiratesLithuaniaSaudi ArabiaKorea, Rep.

Real annual global ranks, 2000 - 2024. India climbed from #21 to #4 (overtook Saudi Arabia). Gaps in a lane = missing data that year.

Key events for India ↓

Key Events — India

Auto-detected from rank data + curated milestones

2008
Global crisis slowdown curated

Growth slows sharply as capital flows reverse.

2013
Fell 30 places in global rank auto
2014
Climbed 30 places in global rank auto
2016
Demonetisation curated

High-denomination notes withdrawn, causing cash shortages.

2017
Fell 22 places in global rank auto
2018
Climbed 28 places in global rank auto
2020
COVID-19 lockdown curated

GDP records its largest contraction on record.

2021
Fell 15 places in global rank auto

Internal Market Openness, 2000-2024

GEM NES · 0-10 expert rating · linear scale · ranking in the race above
20002015202020244.124.95.696.47

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