These days we see the current government of India (led by the National Democratic Alliance) favoring and profiting Indian and foreign capitalists. Is India moving again towards the direction of capitalism? Is it likely that a company will form a government and start ruling India in the future?

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    Is your definition of capitalism that one company rules a country or is that last question unrelated? – Raditz_35 Jul 11 '18 at 10:01
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    India is a capitalist country. – Luís Henrique Jul 11 '18 at 17:40
  • @LuísHenrique, no it's not. India has a mixed market. – user21304 Jul 11 '18 at 23:15
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    @anonymous - So, it is a capitalist country with a "mixed market". Feudal it is not, much less socialist. People work for a wage, in order to buy commodities - the very definition of capitalism. – Luís Henrique Jul 12 '18 at 2:00
  • @Raditz_35 Capitalism from my point of view is "A country or state rule by capitalism to earn profit only and there is no room for socialist" – Rashid Jorvee Jul 16 '18 at 10:37

Economic freedom Index indicates how close a country is towards the Free market economy. Free economies are marked as green. Notably, Hong Kong is at the top of the list.

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Modi government came in power in 2014. If we take a look at the economic freedom of India from 2014 to 2018:

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  • there is no change in India's overall economic characteristic which is categorized as Mostly Unfree.
  • the index plummetted from 2014
  • Pakistan and India are going hand in hand in the area of economic freedom
  • Even Bangladesh has higher economic freedom
  • China is ahead
  • India is at the bottom of the list as compared to the topper Hong Kong.

If we observe the trend from 1995 to 2018,

enter image description here

we see that India's improvement is not that much.

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