India improves in world ratings for ease of doing business

NEW DELHI – In its annual ranking of 190 countries for ease of doing business, the World Bank has lifted India 30 places from 130 to 100. It ranks fourth on the world listing for protection of minority shareholders.

The Bank’s Doing Business Report 2017 assesses 10 indicators which span the lifecycle of a business. India has improved its ranking in six of the 10 indicators. These are –

Resolving Insolvency – India’s ranking improved from 136 to 103;

Paying Taxes – Ranking improved from 172 to 119;

Getting Credit – Ranking improved from 44 to 29’

Enforcing Contracts – Ranking improved from 172 to 164;
Protecting Minority Investors – Ranking improved from 13 to 4
Construction Permits – Ranking improved from 185 to 181.

(ATI)