India jumps 23 places in `ease of doing business` |
India became South Asia`s top-ranked economy, jumping 23 spots to rank 77 out of 190 countries in the World Bank`s `ease of doing business` index released. Last year, India had moved up 30 places to 100th position, showing an improvement on eight out of 10 indicators for “Doing Business”.The rankings give a measure of how friendly the regulatory environment of a country is for doing business. In its annual `Doing Business` 2019 report, World Bank said India improved on six of the 10 parameters relating to starting and doing business in a country. New Zeland has held on to the top spot, while Somalia is the worst place to begin a business. China is one of this year`s top 10 improvers, advancing more than 30 spots to 46th place in the global rankings. Pakistan is placed at 136.These parameters include ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency.
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