India moves up in ‘ease of doing business’ ranking

World Bank official lauds efforts of Modi government, ‘It took four months in 2005 to start a business in India, but it takes only 29 days now’

  1. India improved its position from last year’s 134 to 130 in the World Bank Doing Business 2016 ranking.
  2. Last year’s report ranked India at 140, this year’s report features the recalculated 2015 rankings, in which India comes at 134.
  3. The WB Doing Business reports, started in 2002, review business regulations and their enforcement across 189 countries.
  4. Among South Asian economies, India made the biggest improvement in business regulation.
  5. India ranks in the top 10 in Protecting Minority Investors (8).

The improvement in two indicators, ‘starting a business’ and ‘getting electricity,’ pushed India up the ladder.

Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.
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