India’s rank rises to 100 in World Bank’s doing Business Report, 2018
New Delhi, July 9 (IBNS) : India has leapt 30 ranks to be at the 100th place among 190 countries as the World Bank on Monday released the Doing Business (DB) Report, 2018.
The DB Report is an assessment of 190 economies and covers 10 indicators which span the lifecycle of a business. India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices (Distance to Frontier score).
The Government has undertaken an extensive exercise of stakeholder consultations, identification of user needs, government process re-engineering to match Government rules and procedures with user expectations and streamlined them to create a more conducive business environment.
An extensive exercise is also undertaken to increase awareness among users about reforms to ensure extensive use of newly created systems.
This edition of the report acknowledges India as a top improver, with an improvement of 30 ranks compared to last year’s report, the highest jump in rank of any country in the DB Report, 2018.
India is the only country in South Asia and BRICS economies to feature among most improved economies of the DB Report this year.
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