The World Bank has released the Doing Business (DB) Report for the year 2018. India has been ranked 100 among 190 countries as assessed by the Doing Business Team of the World Bank. India has leapt 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. India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices. The credit for this significant improvement is credited to the idea of “Reform, Perform, Transform”, wherein a strong leadership has provided the political will to carry out comprehensive and complex reforms, supported by a bureaucracy committed to perform. The Government has undertaken an extensive exercise of stakeholder consultations, identification of user needs, government process re-engineering to match Government rules and procedures with user expectations and streamlined them to create a more conducive business environment. An extensive exercise is also undertaken to increase awareness among users about reforms to ensure extensive use of newly created systems.
India as a top improver, with an improvement of 30 ranks compared to last year’s report, the highest jump in 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.
