India moves up 14 spots to 63 on World Bank's ease of doing business
WASHINGTON: India jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking released on Thursday, riding high on the go nment's flagship 'Make in India' scheme and other reforms attracting foreign investment.
The rankings come at a time when the Reserve Bank of India (RBI), World Bank, International Monetary Fund (IMF) and various rating agencies have slashed the country's growth forecasts amid a slowdown in the global economy.
India was ranked 142nd among 190 nations when Prime Minister Narendra Modi took office in 2014. Four years of reform pushed up India's rank to 100th in World Bank's 'Doing Business' 2018 report. It was 130th in 2017 when it was ranked lower than Iran and Uganda. Last year, the country jumped 23 places to the 77th position on the back of reforms related to insolvency, taxation and other areas.
Apart from India, the other countries on this year's 'top 10 performers' list are Saudi Arabia (62), Jordan (75), Togo (97), Bahrain (43), Tajikistan (106), Pakistan (108), Kuwait (83), China (31) and Nigeria (131).
Scl•1 day ago
We still have a long way to go to aquire a position in the list somewhere near China. But it must be done.
Hitmani•1 day ago
Yes!! India becomes great under modi
World Bank says in new report with China jumping to 31st from 45th in the bank’s global ease of doing business rankings.
Rajesh•1 day ago
guys it is ease of doing business only for large corporates....cos tax rate cut, exemptions etc etc., not for u and me
Guru Kirpa•Worldwide•1 day ago
Indian economy shrank to the lowest in the last 5 years
Parthib•1 day ago
I love my india
Dr Vidyadhar Yellutla•Bangalore•1 day ago
China brought reforms in 2004 and entered below 50 in ease of doing business ranking multiplied their economy many fold.,Till 2004 the difference between India''s economy and Chinese economy was 1 trillion $, but India remained 140th position in ease of doing business and did not attract foreign direct investment, where as China multiplied their economy. The difference became 8 trillion $ by 2014. Our so called economic PM Manmohan Singh multiplied assets of Daamaad Robber Vadra from 1 lakh bank balance to 400 crore rs assets, but in ease of doing business remained in 140s.,A patriot Modi continuously reformed and brought the ranking to close to 50s, now the difference between Indias economy and Chinese economy is 9 trillion $.,Hope 2 more terms to BJP will narrow down the difference.
narasarao - Hyd - 1 day ago
Credit goes to Modi!
World bank is foolish. India will never be an easy place to do business.
but where are foreign investments in last 6 years
the most difficult place to do business.. from own experience..pathetic analysis
We want to be in top 25, by end of Modi''s current term ie 2024
It is effort of modi ji ,,,,he is doing every thing for betterment Of nation ,,,,
Good news that India jumped 14 places to the 63rd position on the World Bank''s ease of doing business but FDI is not pouring in.
I want to do business in China
Revanna Bl - 1 day ago
Pappu, please comment and cry that, we have made easy for business and now we progress faster . Must go on hunger strike
Anand Mirle - BLR - 1 day ago -Follow
Unless and until India reviews labor laws and implements reform on the labor front, it is going to be huge challenge to break into top 50 like Vietnam.
Ash Man - 1 day ago -Follow
Great going. Keep it up. Enter the top 50 next year.
Nation - Others - 1 day ago -Follow
China is developing because of less co ption and hard work of Chinese but India is lagging due to corrupt and lazy Indians.
Souvik Ghosh - Kolkata - 1 day ago -Follow
There is no scope of doing business in India. Whereever you invest the answer will be A BIG LOSS due to ZERO demand. Reason # Modi the Panauti.
chanakya - Mumbai - 1 day ago -Follow
I am sure india will reach the top 50 next year
Indian Only - 1 day ago -Follow
Such a joke when all businesses coming out of China are bypassing India and going elsewhere..
Rajesh - 18 hours ago -Follow
Its really a good progress by India. Modi is doing great job with dedication.
Gvrs - 23 hours ago -Follow
Ease of business.......bu11$h1t....... THERE'S NO BUSINESS.....
Feku - 23 hours ago -Follow
small and medium businesses are dying like flies and big businesses are just surviving. only gujju ambani and adani are flourishing.
True - 1 day ago -Follow
ease of doing business is definitely improving, but business itself is down, what to do? may be Wait till the business booms....
Pradip Kumar Shome - Chennai - 1 day ago -Follow
Anything congress or stupid Nobel laureates has to say about this achievement?
srini - hyd - 1 day ago -Follow
Modi doesn''t know how this happened.
Swapnil - 22 hours ago -Follow
Either our Govt. is not giving jobs to us or this report is fake
Anthony - goa - 1 day ago -Follow
Good job by the govt
Vsgr - Bangalore - 1 day ago -Follow
Good trend but there is no room for complacency and lot more needs to be done.