25 Oct 2019, 17:30 — 2 min read
India has improved by 14 places in the World Bank’s global ‘Ease of Doing Business’ index and is now ranked at 63. Last year, India had jumped 23 places to reach the 77th position.
India is one of 10 economies with the most notable improvement in Doing Business 2020. India made trading across borders easier by cutting the costs and time associated with border and documentation requirements.
Of the 190 countries evaluated, New Zealand topped the list, followed by Singapore, Hong Kong and Denmark. Those economies that score well on Doing Business tend to benefit from higher levels of entrepreneurial activity and lower levels of corruption.
India is one of 10 economies with the most notable improvement in Doing Business 2020. India made trading across borders easier by cutting the costs and time associated with border and documentation requirements. The ‘Make in India’ initiative and other reforms have attracted foreign investment. In its 'Doing Business' 2020 report, the World Bank commended the reform efforts undertaken by India, “given the size of the country."
Apart from India, other countries that improved the most in their ease of doing business score are Saudi Arabia, Jordan, Togo, Bahrain, Tajikistan, Pakistan, Kuwait, China, and Nigeria.
The World Bank’s Doing Business 2020 report ranks economies on their ease of doing business across various parameters.
These parameters include:
Courtesy: Doing Business 2020
Image courtesy: shutterstock.com
Posted byGlobalLinker Staff
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