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India among ‘top 20 improvers’ economies in World Bank’s ease of doing business

30 Sep 2019 Evaluate

The World Bank in its Doing Business 2020 report has ranked India as one of the ‘top 20 improvers’ based on the number of reforms which aid ease of doing business. It has recognized the measures taken for making it easier to do business in India in areas including obtaining construction permits through single-window system in Delhi and Mumbai; reducing cost to start a business by abolishing filing fees for the SPICe company incorporation form, electronic memorandum of association and articles of association; and integrating multiple government agencies online and upgrading port equipment and infrastructure that made exporting and importing easier.

It said ‘India’s achievements this year build on a sustained multi-year reform effort. Since 2003/04, India has implemented 48 reforms captured by Doing Business. The most improved business regulatory areas have been starting a business, dealing with construction permits and resolving insolvency.’ The other countries that made it to the list of top 20 improvers included Azerbaijan, Bahrain, Bangladesh, China, Djibouti, Jordan, Kenya, Kosovo, Kuwait, The Kyrgyz Republic, Myanmar, Nigeria, Qatar, Saudi Arabia, Tajikistan, Togo, Uzbekistan, Zimbabwe, and Pakistan. Though, the final list (annual ranking) by the World Bank for the best performing economies will be released on October 24 this year.

Economies are listed based on two criteria. First, Doing Business selects the economies that implemented reforms making it easier to do business in three or more of the 10 areas included in this year’s aggregate ease of doing business score. Second, Doing Business sorts these economies on the increase in their ease of doing business score due to reforms from the previous year. Besides, India jumped 23 positions to 77 in 2018 from its rank of 100 in 2017 among 190 countries. The country had improved by 30 positions from 130 in 2016. It improved its rank in 6 out of 10 indicators with the biggest change in the ‘Construction Permits’ and ‘Trading across Borders’ from 181 in 2017 to 52 in 2018 and 146 in 2017 to 80 in 2018 respectively.


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