India Ranks 142 In "Ease Of Doing Business" Report

Singapore with 88.27 points occupies the top position in the ease of doing business followed by New Zealand, Hong Kong, Denmark and South Korea.

Among other major countries, the U.S has been ranked seventh, Britain (eight), China (90), Sri Lanka (99), Nepal (108), Maldives (116), Bhutan (125), and Pakistan (128).

In a conference call with reporters, World Bank officials cautioned against linking the latest ranking with the steps taken by the new Indian Government.

Noting that the cut off of ease of doing business is May 31st, Lopez said whatever the government would do and whatever is in the pipeline is going to have an impact on these indicators only next year.

When asked about the ambition of the new Indian Government to move up the ladder and gain a ranking within top 50 countries, Lopez said, “There is no reason, why not?”

“Absolutely, it can be done. There are many examples of countries who through focused efforts, through intelligently designed reforms have managed to make very substantial improvement,” he said.

Though India did drop a little bit in terms of its ranking, the ease of doing business has improved over the last 12 months, he said.

Rita Ramalho, lead author of the Doing Business report, World Bank said India’s ranking dropped, despite improvement in its business environment, because other countries improved.

“There is a continuous improvement across the world. India improved, but others improved at a faster pace,” Ramalho said.  

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