India moves to 100th spot in Ease of Doing Business Report
The World Bank, today released the Doing Business (DB) Report, 2018. The Department of Industrial Policy and Promotion (DIPP) announced that India ranks 100 among 190 countries assessed by the Doing Business Team. India has leaped 30 ranks over its rank of 130 in the Doing Business Report 2017. The DB Report is an assessment of 190 economies and covers 10 indicators which span the lifecycle of a business.
Who released this report: World bank
How many countries participated: 190
How many indicators: 10
Report title: ‘Doing Business 2018: Reforming to Create Jobs’
Which edition of the report: The 15th edition
Speciality of this year: This is the first time India appeared in top 100 club
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 the 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. India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices (Distance to Frontier score). Major achievements in following indicators.
Protecting Minority Investors
Starting a Business
Trading across Borders
Government motto regarding Ease of doing business: ‘Reform, Perform & Transform’.
Most improved countries:
BRICS countries ranking:
South Africa- 82
South Asian countries (SAARC) ranking:
6 Months Telugu Current Affairs Practice Bits Download