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World Bank has started taking feedback for ease of doing business report. Here’s what India is doing to improve rankings

World Bank has started taking feedback for ease of doing business report. Here’s what India is doing to improve rankings
Stock Market1 min read
India was disappointed with the last ease of doing business report by the World Bank and now wants to improve its positive by at least 80 spots. Last year, India improved by just one spot and was at 130th position among 189 countries.

Since the World Bank has started taking feedback for the next round of ease of doing business ranking, the Indian Government is reaching out to respondents and nodal departments to ensure they are aware of the reforms undertaken.

The World Bank is taking user feedback across 189 countries and interacting with the users before acknowledging the reforms. Lack of positive feedback on the ground was one of reasons cited for India's poor show in the global ranking even though the government took many measures to improve the business environment.

To improve the rankings this year, the Department of Industrial Policy and Promotion (DIPP) has asked departments of justice, urban development and power and also lawyers and chartered accountants to refer to the reform-related information made available online.

"They can check and verify if we have accomplished the reforms we have claimed. There has to be more awareness of steps being taken by the government," a senior government official told ET.

The Indian Government said reforms were not adequately captured in the ranking released by World Bank last year.

DIPP has now captured reforms undertaken by the government across the 10 parameters the World Bank will assess as part of its global study. These include getting electricity, enforcing contracts, starting business, registering property, resolving insolvency, construction permits, getting credit, protecting minority investors, paying taxes and trade across borders.

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