Source: Financial Express, Nov 12, 2018
India has emerged as one of the biggest ‘improvers’ in the World Bank’s Ease of Doing Business index with the leap of 23 spots to rank at 77 this year, from 100 last year, among 190 countries. However, Laveesh Bhandari – an economist and head of Indicus Foundation – wrote in The Indian Express today that though the ease of doing business study does indicate a positive change over the last year in some areas, including enforcement of contracts, paying taxes, and registering property, where the country performs poorly, there is much that it does not capture.
According to Bhandari, the massive jump in ranking is correlated with an improvement in ratings as well, which have seen a rise of 6.6% over last year. Therefore, in the two years, the position of India has gone up on Doing Business index dramatically from 130 to 77 this year. Read the rest of this entry »