What are the issues with the World Bank’s ‘Ease of Doing Business’ Index? What are the reasons for World Bank halting its publication and why should India be concerned about it? 10 marks

Mentor’s comment- https://www.thehindu.com/opinion/lead/a-development-that-will-hardly-put-india-at-ease/article32481836.ece In the intro, mention the ‘Doing Business’ report of the World Bank. In the body, mention flaws in the Index like lack of predictive power, de jure indicators, lack of theoretical basis etc. In the implications mention improvement in ranking by methodical changes, lack of correlation between ranking and output growth etc. … Continue reading What are the issues with the World Bank’s ‘Ease of Doing Business’ Index? What are the reasons for World Bank halting its publication and why should India be concerned about it? 10 marks