India ranked 100th in this ranking, just a year ago, but on Wednesday the World Bank has given India 77th position. This rank estimates the ease of the business.
India has made a long leap in the World Bank’s ‘Easy Doing Business’ ranking. With a jump of 23 points, India has reached 77th position. In the year 2017-2018, India was at number 100 and now it’s ranked 77th. Experts believe that improvement in India’s ranking in terms of doing business will benefit many areas.
India ranks at 77 in the World Bank's 'Ease of doing business' index. India has recorded a jump of 23 positions against its rank of 100 in 2017. pic.twitter.com/m8Eo5g9Pdp
— ANI (@ANI) October 31, 2018
India has made a long leap in the World Bank’s ‘Easy Doing Business’ ranking . With a jump of 23 points, India has reached 77th position. In year 2017, India was at number 100 and on Wednesday it was ranked 77th. Experts believe that improvement in India’s ranking in terms of doing business will benefit many areas.
What Is Ease Off Doing Business Index ?
This index releases the World Bank. There are many different parameters seen in it. By combining all the parameters it is seen how easy it is to get people to do business. It is also seen how the obstacles arise in doing business.
On what basis is the decision
This index is prepared based on ease of business in different countries. Regulation status is seen prominently. Due to government regulation, business is easy or difficult, it is considered seriously. There are also many factors that keep this index ready while keeping in mind. Among them are major construction-permit, registration, loan, and machinery of tax payments. Keeping these grounds in mind, countries are issuing a place in Is of Doing Business Index.
Did Finance Minister Jaitley Say
Finance Minister Arun Jaitley said that when PM Modi came to power, he had said that we need to come to 50 in this index. We are moving fast in this direction. India was ranked 100th in 142 years and 2017 in Is the Doing Business Index in 2014. Now India has been ranked 77th in this index. He said that in the field of the construction permit, 129 points have improved, whereas in ‘Trading Across Borders’ 66 points, ‘Starting A Business’ has 19 points, ‘Gating credit’ has improved in other areas including 7.