Last updated on: November 12, 201211:28 IST

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Gujarat is India's top state in terms of economic freedom, according to 'Economic Freedom Rankings of the States of India 2012'.

The economic freedom Index is based on the three parameters - size of the government, legal structure and security of property rights, regulation of business and labour.

The report highlights the significant differences in economic governance that exist in India.

It has focused attention on state-level reforms to improve inclusive economic growth. India ranks only 111 among 144 countries in the EFW list, having slipped from 76th position in 2005.

Clearly, its government has attached a low priority to improving economic freedom, the report points out.

Read more from the original source:

Economic freedom in 20 Indian states, Gujarat is No.1