Driven by banking reforms, power supplies, and protection of minority investors, India’s ranking in the World Bank Doing Business 2018 report climbed 30 notches to 100. Regulatory and policy reforms put in place by the federal and state governments over the past four years start to deliver results on the ease of doing business front. “…the country is continuing its steady shift towards best practice in business regulation,” noted the report.
Live Mint says: The Doing Business 2018 report, which bases the rankings on field surveys and interviews with corporate lawyers and company executives in Delhi and Mumbai, also recognized India as one of the top five reformers in this year’s assessment. The country improved its ranking on six out of the 10 parameters used to judge ease of doing business, becoming the only large economy to do so this year.
“Today’s result is a very clear signal from India to the rest of the world that not only has the country been ready and open for business, as it has been for many decades, it is now competing as the preferred place to do business globally,” said Annette Dixon, the World Bank’s vice president for South Asia.