India has moved 14 places to be 63rd among 190 nations in the World Bank’s ease of doing business ranking released on Thursday on the back of multiple economic reforms by the Narendra Modi government. However, it failed to achieve government’s target of being at 50th place.
The country was 77th among 190 countries in the previous ranking, an improvement by 23 places compared to its position a year before. The report assess improvement in ease of doing business environment in Delhi and and Mumbai.
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“Sustained business reforms over the past several years has helped India jump 14 places to move to 63rd position in this year’s global ease of Doing Business rankings. India put in place four new business reforms during the past year and earned a place in among the world’s top ten improvers for the third consecutive year,” the World Bank Group’s Doing Business 2020 study said.
Source: Economic Times
