- 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.