- India is ranked at 130/190
- Index is released by World Bank
- New Zealand is ranked 1st
What is ease of doing business index?
- The ease of doing business index is annually released by World Bank in its Ease of Doing Business Report.
- It was introduced in 2004.
- In this index, ranking of country is based on average of scores on 10 indicators each having equal weightage.
- A higher ranking of country in this list means that its regulatory environment is more conducive and favourable for the starting and operation of firms.
- 10 indicators are starting business, getting electricity, dealing with construction permits, registering property, protecting investors, getting credit, employing workers, trading across borders, paying taxes, enforcing contracts and resolving insolvency
Comments related to India:
- In the ranking, India has made a substantial improvement in some areas such as electricity connection. But it has sliped in other areas, including payment of taxes and enforcing contracts.
- India has embarked on a fast-paced reform path and has acknowledged a number of substantial improvements.
- Some the improvement mentioned are electricity connections to businesses, paying taxes, electronic system for paying employee state insurance contributions, the Companies (Amendment) Act, electronic filing of integrated customs declarations, passage of the commercial courts and the Insolvency and Bankruptcy Code