In the latest edition of the World Bank’s Ease of Doing Business Rankings, India has made significant progress and jumped 30 ranks from the previous year to be placed at 100 among 190 countries. The feat has been a result of multiple interventions and policy changes initiated by the government in the past, which has been unanimously applauded by business and industry leaders alike. Let us take a closer look at how India has achieved this ranking through initiatives, and what it means for businesses in general.
Moving up step-by-step
The World Bank’s Ease of Doing Business Report 2018 mentions India as one of the ten countries that have improved their ranks by the widest margins since the last year. With its foray into the Top 100 for the first time, India is now only second to Bhutan (Rank: 75) in the South Asian region. Of the 10 parameters that constitute the index, India improved in six this year and implemented reforms in eight. The 30-rank surge this year is re...
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