The survey was conducted between April 2015 and April 2016 and does not reflect major changes in the ease of doing business.
Niti Aayog has clarified that a recent survey done on ease of doing business which suggests that it takes time to set up business in India than previous estimates is a research document.
The think tank said that the survey did not represent the views of the government. It has been facing flak over the document.
Meanwhile, the survey was conducted between April 2015 and April 2016 and does not reflect major changes in the ease of doing business.
The document is based on an enterprise survey conducted jointly with the IDFC Institute, it said in a statement.
According to the survey, it takes 118 days on an average to set up a business in India. Further, the findings are different from the World Bank report, which showed that it took just 26 days to set up a business in India in 2016.
Stating that the survey only took inputs from firms in the formal manufacturing sector, the statement said, “It did not cover unorganised manufacturing and the services sector that constitutes the vast majority in India.”
Wednesday, August 30, 2017