India jumped from 130 to 100 in ease of doing business

[mummad]

New Delhi: India’s ranking in the World Bank Doing Business 2018 report climbed 30 notches to 100 as regulatory and policy reforms put in place by the central and state governments over the past four years start to deliver results on the ease of doing business front.

The National Democratic Alliance (NDA), which has been seeking an improvement in India’s ranking to attract greater foreign investment, has set more ambitious targets. According to an output-outcome framework document prepared by the government, India is seeking to reach the 90th rank in 2017-18 and 30th by 2020. Last year, India’s ease of doing business ranking improved by just one notch to 130.

The Doing Business 2018 report, which bases the rankings on field surveys and interviews with corporate lawyers and company executives in Delhi and Mumbai, also recognized India as one of the top five reformers in this year’s assessment. The country improved its ranking on six out of the 10 parameters used to judge ease of doing business, becoming the only large economy to do

http://www.doingbusiness.org/data/exploreeconomies/india

http://www.livemint.com/Companies/icjVbgr3PteKYupZlzwOtN/India-jumps-to-100th-spot-in-World-Banks-ease-of-doing-busi.html

 

[Varun]

Rivals our FIFA Ranking now.

 

[karthikc]

Starting a business is still cumbersome process in India compared to developed nations.

It still takes around 30 days whereas in a country like New Zealand or Hong Kong it is 1 day. Even in US it is just 3-4 days