India Ranks 142 In "Ease Of Doing Business" Report


WASHINGTON: India has been places at 142 among 189 countries in the latest World Bank’s “Ease of Doing Business” report release, a drop by two places from the last year’s ranking.

The drop in India’s ranking from last year’s 140 is mainly because other nations have performed much better, bank officials said.

In the 2014 report, India had 52.78 points and in this year’s report it has 53.97 points.

The latest ranking, however, does not take into account the latest slew of measures taken by Modi Government to make India a business friendly destination.

“We do not want to send the impression that the drop in India’s ranking is connected in any way with the current political situation (government),” Augusto Lopez—Claros, Director, Global Indicators Group, Development Economics, World Bank Group said.

“It is absolutely true that the new government of Mr. Modi has made it very clear that they see the creation of a better investment climate and a more friendly business friendly environment in India a top priority. However, it is important to remember that the new Government did not come into office until the second half of May,” he said.

Highly appreciative of the steps taken by the new Indian Government, World Bank officials, however, asserted that there was a very high likelihood of India significantly jumping up the ladder in the next ease of doing business.

Also Read:
Poop: The Million-Dollar Business
How Social Media Is Used To Market Junk Food Brands?

Source: PTI