EASE OF DOING BUSINESS

EASE OF DOING BUSINESS
➢ The ease of doing business index ranks countries against each other based on how
the regulatory and environments are conducive to business operations.
➢ The World Bank’s Doing Business Report 2018 ranked India 77th out of the 190
countries surveyed. This is attributed to the success of the government’s to resolve the
difficult decisions that have translated into remarkable progress.
➢ India is one of the top five reformers, improving its score in six out of ten criteria
used by the World Bank for measuring the ease of doing business.
➢ The Doing Business Report 2018 appreciated the government for taking several
measures to boost its ranking.
i) Recapitalizing the public sector banks with an infusion of $32 billion.
ii) Introduced 37 reforms in areas such as insolvency resolution, protecting the interest of
minority shareholders, and simplifying the process of taxes
iii) Introduction of the Bankruptcy and Insolvency code (Amendment) Bill 2017. The act
makes it easier to exit or attempt a revival of a business, thereby improving the nonperforming
assets (NPAs) for the financial sector.