Ease of Doing Business Index 2018

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  • India ranked 77/190 countries.
  • India has jumped 23 ranks to attain 77th spot from 100th position in Ease of Doing Business Index 2017.
  • Report is published by World Bank.

 

  • Index:
    • The Ease of Doing Business Index assesses 190 economies and covers 10 indicators which span the lifecycle of a business.
    • These 10 indicators are: Starting a business, Dealing with construction permits, Getting electricity, Registering property, Getting credit, Protecting minority investors, Paying taxes, Trading across borders, Enforcing contracts and Resolving insolvency.
    • Each one of these indicators carry equal weightage.
    • Each one of these indicators carry equal weightage.

 

  • Highlight about India:
    • India figures among top 10 countries that have marked an improvement this year.
    • In case of India, Delhi and Mumbai are only two cities surveyed by World Bank for this rankings.
    • Its jump in ranking was aided largely by improvement in areas such as “trading across borders”, “dealing with construction permits”, “getting electricity”, “getting credit” and “starting a business”.
    • It has improved in rank in six out of ten indicators. It has moved closer to international best practice.

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