A Blockbuster Performance: India Moves To 77th Rank In Ease Of Doing Business Chart, Jumps 23 Places

Jumping 23 places and registering itself among the top 10 improvers for the year, India has raked in the 77th rank in the World Bank’s 190-country Ease of Doing Business (EoDB) Rankings 2019. India is also the only large country to have achieved the feat this year, as reported by Money Control.

The jump follows a similar 30-place improvement that India posted in the last year’s rankings. The areas India excels in are Protecting Minority Investors (ranked 7), Getting Credit (ranked 22) and Getting Electricity (ranked 24).

The most improvement however, has been in the 'Dealing with Construction Permits' indicator, where the country has registered a jump of 129 places - from 181 in the last year’s rankings to 52 this year.

The EoDB rankings are posted by the World Bank which rates countries’ business environment and improvement in the rankings comes as a huge shot in the arm for the ruling Narendra Modi government. The World Bank has given a thumbs-up to the government’s business reforms agenda in a statement.

“India continued its reform agenda, implementing six reforms in the past year. India is now the region’s top-ranked economy,” the World Bank said. Bhutan, ranked 81, and Sri Lanka, ranked 100, are the only other nations from the subcontinent to be included in the top 100 ranks.

China, meanwhile, is ranked 46 overall, where ‘Starting a Business’ continues to be much easier than India as per the rankings. China ranks 28 in the metric while India stands at 137.

The rankings are topped by New Zealand, Singapore and Denmark - in that order, with the three countries having maintained the ranks for the second consecutive year.