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World Bank released its latest Doing Business Report(DBR, 2019) India Improves Rank by 23 Positions in Ease of Doing Business
NOTES
India has recorded a jump of 23 positions against its rank of 100 in 2017 to be placed now at 77thrank among 190 countries assessed by the World Bank.
NOTES
- 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 an economy to the global best practice. This year, India’s DTF score improved to 67.23 from 60.76 in the previous year.
THE IMPORTANT FEATURES OF INDIA’S PERFORMANCE THIS YEAR ARE:
- The World Bank has recognized India as one of the top improvers for the year.
- This is the second consecutive year for which India has been recognized as one of the top improvers.
- India is the first BRICS and South Asian country to be recognized as top improvers in consecutive years.
- India has recorded the highest improvement in two years by any large country since 2011 in the Doing business assessment by improving its rank by 53 positions.
- As a result of continued performance, India is now placed at first position among South Asian countries as against 6th in 2014.
INDIA HAS IMPROVED ITS RANK IN 6 OUT OF 10 INDICATORS
THE EIGHT INDICATORS IN WHICH INDIA HAS IMPROVED ITS RANK OVER LAST FOUR YEARS
MEASURES TAKEN BY GOVERNMENT
MEASURES TAKEN BY GOVERNMENT
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