Ease of Doing Business 2019: India jumps 23 spots to 77th rank in World Bank's latest report - Pragnya IAS Academy - News Analysis.

Ease of Doing Business 2019: India jumps 23 spots to 77th rank in World Bank's latest report.

The report also recognises India as one of the top 10 improvers in this year’s assessment, for the second successive time. India is the only large country this year to have achieved such a significant shift.

India leapfrogged to the 77th rank in the World Bank's latest Ease of Doing Business rankings, jumping 23 notches from last year, a news that is likely to bring cheer for the Narendra Modi-government that is caught in an apparent turf battle with the Reserve Bank of India (RBI).
The report also recognises India as one of the top 10 improvers in this year’s assessment, for the second successive time. India is the only large country this year to have achieved such a significant shift.
The jump is significant, as it comes after last year’s 30-rung climb when India moved into the top 100 rankings among 190 countries.
India has improved its rank by 53 positions in the last two years, and 65 positions in the last four years (2014-18).
On the “distance to frontier metric”, a measure to gauge how far an economy’s policies are from global best practices, India’s score improved to 67.23 from 60.76 last year.
This means last year India improved its business regulations in absolute terms – indicating that the country is continuing its steady shift towards global standards.
The annual report, which ranks countries on business-friendliness, procedural ease, regulatory architecture and absence of bureaucratic red tape, could not have come at a more opportune time for the government that is caught in a perception battle with the RBI's autonomy.
India is in the top 10 of Protecting Minority Investors (Rank 7).
“India continued its reform agenda, implementing six reforms in the past year. India is now the region’s top-ranked economy,” the World Bank said, ahead of Bhutan (81) and Sri Lanka (100), Nepal (110), the Maldives (139), Pakistan (136) and Afghanistan (167) and Bangladesh (176).
India has improved its rank in six out of the 10 indicators and has moved closer to international best practices on seven out of 10 indicators.
The most dramatic improvements have been registered in the indicators related to 'Construction Permits' and 'Trading Across Borders'.
In the 'Grant of Construction Permits' indicator, India’s ranking improved from 181 last year to 52 in this year’s report—a jump of 129 ranks in a single year.
In the 'Trading Among Borders' indicator, India’s rank improved by 66 positions, moving from 146 in 2017 to 80 in 2018.
India reduced the time and cost to export and import through various initiatives, including the implementation of electronic sealing of containers, the upgrading of port infrastructure and allowing electronic submission of supporting documents with digital signatures, the World Bank said.
In the World Bank Group’s annual ease of doing business rankings, the top 10 economies are New Zealand, Singapore and Denmark, which retain their first, second and third spots, respectively, for a second consecutive year, followed by Hong Kong SAR, China; Republic of Korea; Georgia; Norway; United States; United Kingdom and FYR Macedonia.

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Ease of Doing Business 2019: India jumps 23 spots to 77th rank in World Bank's latest report.

Ease of doing business state rankings: Andhra, Telangana, Haryana ranked as top three states to do business in India - Pragnya IAS Academy - News Analysis.

Ease of doing business state rankings: Andhra, Telangana, Haryana ranked as top three states to do business in India.

The rankings, jointly prepared by the World Bank and DIPP, serve as a check-list of sorts for evaluating states on a 340-point Business Reform Action Plan, between the period of July, 2016 and July, 2018.

Andhra Pradesh has topped the government’s ease of doing business index for states, ahead of the industrialised states such as Gujarat, Maharashtra and Tamil Nadu.
The topping southern state was followed by Telangana and Haryana which grabbed the second and third spots respectively, according to the third edition of Department of Industrial Policy and Promotion’s (DIPP’s) Business Reforms Action Plan, 2017.
The final rankings were arrived at after a combination of "reform evidence score" and "feedback score".
The highlights were the states of Jharkhand and Telangana who scored a 100.00% score in their reform evidence scores.
Jharkhand, which is home to several steel plants as well as coal and iron ore mines, clocked 100 percent in the “reform evidence scorecard,”
The "reform evidence score" is allotted on the basis of 372 recommendations for reforms on regulatory processes, policies, practices and procedures spread across 12 reform areas.
In this year’s edition of rankings, DIPP carried out a comprehensive business-to-government (B2G) feedback exercise, where feedback was taken from businesses on the quality of implementation of the reforms claimed by the states.
Telangana dropped to the second spot after topping the rankings last year.
The idea behind ranking states is to induce competition to attract investment and improve the business climate. In addition, these rankings indicate that the states have the potential to attract business and undertake various reforms that are being undertaken by the Centre.
In 2016, Telangana and Andhra Pradesh jointly emerged as number one states to do business, ahead of Gujarat - Prime Minister Narendra Modi’s home state - that was number one in 2015.
The report has thrown up surprising results with Maharashtra, often touted as India’s most industrialised state - led by the bustling financial capital of Mumbai - ranked 13th with a reform evidence score of 97.29 percent and a "feedback score" of 50.29%. Similarly, despite being an industrial hub, the southernmost state Tamil Nadu clocked 15th rank, with a "reform evidence score" of 95.93 percent and a feedback score of 43.90%. Both the states were listed as achievers in the ranking.
The national capital Delhi’s score deteriorated to 33.99 percent, from 47 percent in 2016 and it stood at the 23rd spot in this year's rankings.
North-eastern states except Assam continue to remain at the bottom of the heap, underlining the urgency of immediate policy interventions to turn these states into business-friendly destinations.
The rankings, jointly prepared by the World Bank and DIPP, serve as a check-list of sorts for evaluating states on a 340-point Business Reform Action Plan, between the period of July, 2016 and July, 2018.
The latest listing of the states comes days before the World Bank’s annual Ease of Doing Business report, 2017. Last year, India leapfrogged to the 100th rank in the Doing Business rankings for 2016, jumping 30 notches from a year ago, in an endorsement of the string of reforms implemented by the Narendra Modi government.


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Ease of doing business state rankings: Andhra, Telangana, Haryana ranked as top three states to do business in India.