In a setback for China, the World Bank has come out with revised rankings for its 2018 Ease of Doing Business (EoDB) index citing data irregularities which had resulted into better rankings/incorrect score for four nations, including China, Saudi Arabia, United Arab Emirates and Azerbaijan, reports Economic Times.
This comes after the World Bank had on 27 August announced a pause on the publication of its EoDB report following several irregularities regarding changes to data in the previous editions had come to the fore.
While China had been ranked 78 globally in the Doing Business 2018 report, upon taking into account the correct set of data, it's ranking has been pushed down by seven positions to 85. Irregularities had been found in China's data for Starting a Business, Getting Credit and Paying Taxes indicators.
With its score being corrected for the aforementioned indicators, China's total score has been revised downwards from 65.3 to 64.6.
Other than China, while Azerbaijan's ranking has improve to 28 from 34, Saudi Arabia's ranking has fallen from 63 to 62. However, the UAE's rank has remained unchanged at 16.
Meanwhile, it should be noted that as per the latest Doing Business 2020 report, India had jumped 14 places to the 63rd position on the ease of doing business ranking. India has improved its rank by 79 positions in five years (2014-19).
An appeal from Swarajya
At Swarajya, we rely on our readers' support through subscriptions to sustain our media platform. Unlike larger conglomerates, we are unable to relentlessly chase advertising money — our model is largely built on your patronage.
Your support has never been more crucial. We work tirelessly to deliver 10-15 high-quality articles daily, ensuring you receive insightful content from 7 AM to 10 PM.
If you believe India's story has to be articulated in a way it has never been done before without shrugging it off, become a patron (or) subscribe now for ₹̶2̶4̶0̶0̶ ₹1999 and get 12 print issues, unlimited digital access for 1 year, a special India that is Bharat T-shirt (Offer ends soon).
We are counting on you!