142nd rank out of 189 in ease of doing business; India slips yet again
Updated: Oct 29, 2014 03:03:18pm
New Delhi, Oct 29 (KNN) World Bank's verdict is out and yet again India has slipped from 140th rank to 142nd in Doing Business out of 189 economies the world over.
Although India has made reforms in starting a business, getting electricity and protecting minority interests – all of which contributed to making it easier to do business to some extent, other countries have fared better, media reports suggest.
While in the Doing Business 2014 report India had 52.78 points, in Doing Business 2015 report India has scored 53.97 points.
There is a possibility of India going up the ladder next year once the measures initiated by the new government to create a business friendly environment take effect, a media report said.
With Singapore topping the ranks at number one, others in the top 10 ranks are New Zealand (2), Hong Kong (3), Denmark (4), Korea Rep (5), Norway (6), US (7), UK (8), Finland (9) and Australia (10).
Ranking of other BRICS countries are – Brazil (120), Russia (62), China (90) and South Africa (43).
As far as the South Asian neighbours are concerned, Sri Lanka comes in at (99), Bangladesh (173), Pakistan (128), Nepal (108), Myanmar (177) and Afghanistan (183).
Doing Business 2015: Going Beyond Efficiency, a World Bank Group flagship publication, is the 12th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.
Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies—from Afghanistan to Zimbabwe—and over time.
Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures labour market regulation, which is not included in this year’s ranking.
Data in Doing Business 2015 are current as of June 1, 2014. The indicators are used to analyse economic outcomes and identify what reforms of business regulation have worked, where and why. This year’s report introduces a notable expansion of several indicator sets and a change in the calculation of rankings. (KNN/ES)
Although India has made reforms in starting a business, getting electricity and protecting minority interests – all of which contributed to making it easier to do business to some extent, other countries have fared better, media reports suggest.
While in the Doing Business 2014 report India had 52.78 points, in Doing Business 2015 report India has scored 53.97 points.
There is a possibility of India going up the ladder next year once the measures initiated by the new government to create a business friendly environment take effect, a media report said.
With Singapore topping the ranks at number one, others in the top 10 ranks are New Zealand (2), Hong Kong (3), Denmark (4), Korea Rep (5), Norway (6), US (7), UK (8), Finland (9) and Australia (10).
Ranking of other BRICS countries are – Brazil (120), Russia (62), China (90) and South Africa (43).
As far as the South Asian neighbours are concerned, Sri Lanka comes in at (99), Bangladesh (173), Pakistan (128), Nepal (108), Myanmar (177) and Afghanistan (183).
Doing Business 2015: Going Beyond Efficiency, a World Bank Group flagship publication, is the 12th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.
Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies—from Afghanistan to Zimbabwe—and over time.
Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures labour market regulation, which is not included in this year’s ranking.
Data in Doing Business 2015 are current as of June 1, 2014. The indicators are used to analyse economic outcomes and identify what reforms of business regulation have worked, where and why. This year’s report introduces a notable expansion of several indicator sets and a change in the calculation of rankings. (KNN/ES)
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