India Drastically Improves in World Bank’s Ease of Doing Business Rankings
By: Tracey Lowe
India, for the first time, moved into the top 100 in the World Bank’s Ease of Doing Business global rankings on the back of sustained business reforms over the past several years.
The report also recognizes India as one of the top 10 improvers in this year’s rankings and is the only large country this year to have achieved such a significant shift. Substantial improvements led to this ranking shift such as significant improvements in its business regulations which have been trending India in the past few years – adopting 37 reforms since 2003.
Nearly half of these reforms have been implemented in the last four years. his year, the eight indicators on which reforms were implemented in Delhi and Mumbai, the two cities covered by the report are: starting a business, dealing with construction permits, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency (see the factsheet). Last year the Doing Business report recognized India for reforms in the areas of getting electricity, paying taxes, trading across borders and enforcing contracts.
The World Bank’s Ease of Doing Business report captures reforms implemented in 190 countries in the period June 2, 2016 to June 1, 2017. To download the report, please click here.