Ease of Doing Business Report: Highlights for India

Riding on sustained government reforms which include making tax paying easier, India moved from its 130th position last year.

Written By Zee Media Bureau|Last Updated: Oct 31, 2017, 10:00 PM IST|Source: Exclusive

New Delhi: India has for the first time moved into the top 100 in the World Banks Ease of Doing Business global rankings report.

Riding on sustained government reforms which include making tax paying easier, India moved from its 130th position last year.

The World Bank Group`s latest report `Doing Business 2018: Reforming to Create Jobs` recognises India as one of the top 10 improvers in this year`s assessment, though the report does not take into account the big bang reform of Goods and Services Tax (GST) which rolled out on July 1.

Here are the highlights:

India now ranks 100th among 190 countries
Last year it was placed at 130th spot.
India among the top 10 "improvers" globally, having done better in eight out of 10 business indicators.
The World Bank report, covering the period from June 2 last year to June 1 this year, ranked India top among the South Asian nations.
India ranks amongst the top 30 countries in three indicators.
The report noted that India has adopted 37 reforms since 2003 with nearly half of these reforms having been implemented in the last four years.
India`s score went from 56.05 in doing business to 60.76.
The time to obtain an electricity connection in Delhi has dropped from 138 days four years ago to 45 days now.
The time taken to enforce a contract is longer at 1,445 days than it was 15 years ago.
In starting a business, India has reduced the time needed to register a new business to 30 days now, from 127 days 15 years ago.
But the number of procedures is still cumbersome for local entrepreneurs who still need to go through 12 procedures to start a business in Mumbai.

Ease of Doing Business Report: Highlights for India

Riding on sustained government reforms which include making tax paying easier, India moved from its 130th position last year.

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