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Blog / 25 Oct 2019

(Video) Rajya Sabha TV (RSTV) In Depth: World Bank’s Ease of Doing Business Index 2019

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(Video) Rajya Sabha TV (RSTV) In Depth: World Bank’s Ease of Doing Business Index 2019

Topic: World Bank’s Ease of Doing Business Index 2019

Topic Description:

In the World Bank’s Ease of Doing Business rankings this year, India has moved from the 77th to the 63rd position.

The World Bank also highlights India's efforts to reach this position. In particular it mentions four new business reforms that were brought in in the past year

India in fact has now become one of the world's top ten improvers in the Ease of Doing Business for the third year in a row. It is the only large country to achieve such a significant shift.

The climb of 14 rungs this year is a major boost for the Modi government. Not only does it highlight its reformist zeal, but also bolsters India's credentials as an alternative investment destination to China.

Prime Minister Modi has set a target of India making a place for itself among the top 50 countries in the ease of doing business rankings by 2020.

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Courtesy: RSTV