India's ease of business rank at 77, jumps 23 places

The country had improved its rank by 30 places last year to reach the 100th position — a rare feat for any large and diverse country of the size of India.

India’s has made remarkable imporovement in the World Bank’s Ease of Doing Business 2019 survey. 
 
It jumped 23 places to 77 among 190 countries surveyed, making it the only country to rank among the top 10 improvers for the second consecutive year. 
 
The country had improved its rank by 30 places last year to reach the 100th position — a rare feat for any large and diverse country of the size of India. 
 
"As a result of continued efforts by the government, India has improved its rank by 53 positions in last two years and 65 positions in last four years," said Ministry of Commerce & Industry in a press note yesterday.
 
"India’s ranking improved 65 places from 142 in 2014 to 77 in 2018, a record for a major economy."
 
India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices (distance to frontier score) on 7 out of the 10 indicators. 
 
"But, the most dramatic improvements have been registered in the indicators related to 'construction permits' and 'trading across borders'. In grant of construction permits, India's rank improved from 181 in 2017 to 52 in 2018, an improvement of 129 ranks in a single year. In 'trading across borders', India's rank improved by 66 positions moving from 146 in 2017 to 80 in 2018."
 
This is the second consecutive year for which India has been recognized as one of the top improvers.
 
The doing business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle. The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of aneconomy to the global best practice. This year, India’s DTF score improved to 67.23 from 60.76 in the previous year.
 
Source: Media reports

Add new comment