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Showing posts with the label business index

Here’s why World Bank thinks India can make it in top 100 of ease of doing business index

India improved its ranking in  ease of doing business index  and jumped 12 ranks to 130 th  spot, the  World Bank  said it is not impossible for the country to be in the top 100. World Bank Chief Economist and Senior Vice President Kaushik Basu said if India continues with its economic reforms, like the Goods and Services Tax, and erases bureaucratic cost of doing business, it would not be impossible for India to rank in top 100. "There are countries which have moved 30-40 places at one go, but usually these are small countries. For a big economy like India, it is difficult, but from what we have seen thus far, it is not impossible," Basu. While Basu lauded the reforms in India and said India had a reasonably substantial movement in the first year itself, he felt the country has a long way to go. "There is a lot of serious interest in India to cut down bureaucratic costs of doing business for small and medium-sized firms. It is important however to r