India jumps 12 spots in World Bank's Ease of Doing Business list


New Delhi, Oct 28 (PTI) : India has moved 12 places in the Ease of Doing Business list from 142 last year to 130 this year, according to a World Bank report released on Tuesday. 

According to a top World Bank economist, India now ranks 130 out of 189 countries and it is not impossible for the country to reach the top 100 ranking if it continues with its set of planned economic reforms, including the GST bill and the reduces the bureaucratic cost of doing business.
"It is not impossible for India to be in top 100 ranking of ease of doing business report next year if it continues with its set of planned economic reforms, including the crucial GST and cuts down on the bureaucratic cost of doing business, a top World Bank economist said.

"If the changes that we saw thus far can be kept up and strengthened a little, it is not impossible for India to be in top 100 (ranking of the ease of doing business report) by next year," World Bank Chief Economist and Senior Vice President, Kaushik Basu said.
According to Basu, who served as the top economic advisor during the Manmohan Singh regime, this is a 'remarkable achievement'. Unlike other countries, where it takes at least 3 years for a major reformation to take place, India has acquired a reasonably substantial movement in the first year itself.
However, he says that there is still a long way to go. "There is a lot of serious interest in India to cut down bureaucratic costs of doing business for small and medium-sized firms. It is important however to recognise that this is just a start. There is still a long way to go," he said.
There is a need to reduce transaction costs and the bureaucratic hurdles it places on individuals and small firms. Also, India requires to build a better network of infrastructure. "There has already been improvement in infrastructural investment. But the momentum needs to be kept up," Kaushik said.
Lastly, India needs to have policies that will include all groups. This entails health and educational interventions for the disadvantaged.
"Inclusiveness goes beyond economics, but, done well, it can yield rich dividends for the economy," he said. Going back to economic reforms, Basu said there are a couple of big ticket items on the agenda. He described the Goods and Services Tax (GST) as the biggest one.
"If, India can move so that by next year, after the budget, you have a GST in place, that can make a very big difference. It will not be a perfect GST to start with but it should be possible to make amendments and improve it over time," he said.
"Once the GST is in place, India can very easily have a rule that there will be no check posts on the way. All charges will be paid at the source or at the destination," Basu added indicating implementation of GST would help considerable improvement in ease of doing business ranking.

  

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Comment on this article

  • Lexy Saldanha, Mangaluru/Sydney-Australia

    Wed, Oct 28 2015

    Congratulations to Honorable PM Mr. Modi for his sincere effort, to get India to 130 place in "world Bank's Ease of doing business" ranking.
    Its a positive step.
    Current ranking as follows:
    1.Singapore
    2.New Zealand
    7.USA
    13.Australia

    130 India

    India has jumped from 142 to 130, leaving behind countries like
    131. Egypt
    132. Tajikistan
    133. Mozambique
    134. Lao PDR
    135. Grenada
    136. Palau
    137. Guyana
    138. Pakistan
    139. Tanzania
    140. Marshal Island
    141 Malawi
    142. Cote D'Ivoire.

    Now PM Mr. Modi for god sake, concentrate on controlling of price rise.
    We are Constructive critics of Central Govt, but if it does a good job needs to be appreciated and given credit for their hard work. India needs business & foreign investments.
    Cheers.

    DisAgree [4] Agree [8] Reply Report Abuse

  • True Indian, USA / Mangalore

    Wed, Oct 28 2015

    I strongly think you are illiterate from your comment.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Suleman Beary, Udupi

    Wed, Oct 28 2015

    Yes our dream of becoming No.1 in the world in ease of doing business may come true one day when the dollar price sinks. But Daiji readers... do you have doubt that we are no.1 in beef export? and our dream came true???

    DisAgree [11] Agree [3] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Oct 28 2015

    Are these Analysis similar to FAKE Election ...

    DisAgree [20] Agree [17] Reply Report Abuse

  • Sudhakar, Kallianpur

    Wed, Oct 28 2015

    Breaking News: In Mapusa municipal election BJP won in 15 wards out of 20 wards!!!

    DisAgree [6] Agree [17] Reply Report Abuse

  • prakash, Mlore

    Wed, Oct 28 2015

    very unfortunate to say they we have many people in our country they live here,they eat here but they never ever be the part of india from their heart. time to change their attitude first or india will remain has as it is. some people wont change here. in pakistan they think that they will be spoon feeded but the fact is they dont even feed you the dog biscuit. Be loyal to our country at least.

    DisAgree [3] Agree [15] Reply Report Abuse

  • Arif Shabu, Uchila

    Wed, Oct 28 2015

    Good sign for ambani and Adani..

    Govt policies helping business people to exploit farmers and poor people dal price is 200 and common man suffering .

    DisAgree [19] Agree [8] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Wed, Oct 28 2015

    Yes, Adani being wooed by Chandy in Kerala & Ambani being made King Partner by Virabhadra in Himachal, all Dongi ruled states...Ache din for them

    DisAgree [5] Agree [15] Reply Report Abuse

  • Peace Lover, Mangalore

    Wed, Oct 28 2015

    Modi commended his efforts to make it possible for an investment of AUD 16 billion in coal mining. The Adani Group and the GVK Group both have plans to invest almost AUD 8 billion each in coal mining, rail and port projects.

    So what you say Adani being wooed by FEKU in central

    DisAgree [5] Agree Reply Report Abuse

  • Yash, Mangalore

    Wed, Oct 28 2015

    some people who comments here are like "whatever Modi did, we have to oppose, no matter its how good for society is". Pity for u guys. dont oppose just because u want to. u r in India and India is developed in that list. u dnt even even wants that also..

    DisAgree [6] Agree [14] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Wed, Oct 28 2015

    Dear Yash, Mangalore,

    You should this ask question to the UPA's Oppositions

    DisAgree [7] Agree [3] Reply Report Abuse

  • Yash, Mangalore

    Thu, Oct 29 2015

    u r saying like UPA also have done some good or appreciable things???

    hope u are not speaking about 2g, commonwealth, coalgate, adarsh etc etc

    DisAgree [1] Agree [2] Reply Report Abuse

  • RAVINDRA, KARKALA

    Wed, Oct 28 2015

    India could have been in far better place if deadlocka are not created by Congress particularly in case of GST. Present day Congress is not the same which fought for Nation's Freedom. Congress has become communal and narrow minded and only interest in playing to the gallerias.

    DisAgree [8] Agree [22] Reply Report Abuse

  • William, Mangalore

    Wed, Oct 28 2015

    Mr. Ravindra, why are you blaming congress for coming in the way of passing GST. Blame the then principal opposition party BJP who vehemently opposed and stalled GST when it was tablelled in the parliament 7 years ago and in the subsequent sittings. It has become an obsession to the present ruling govt. to introduce and implement now whatever they opposed when they were in opposition and take credit. It was mainly because of the scams and corruption charges the previous govt. had lost and not for any other reasons.So don't blame congress if the GST is not a reality today. All said and done, we are still for development whoever is ruling our country.

    DisAgree Agree Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Wed, Oct 28 2015

    Once the Cow (Beef) issue is solved our ranking of 'Ease of doing business' may strengthen further in coming days.

    DisAgree [15] Agree [9] Reply Report Abuse

  • Ravi C, Mangalore

    Wed, Oct 28 2015

    Even though credit goes to the present government, Thanks to ManMohan Singh for all his effort.

    DisAgree [25] Agree [13] Reply Report Abuse

  • Manju, Mumbai

    Wed, Oct 28 2015

    We are now feeling of Ache Din. PM Modi is Great. Jai Ho Modi.

    DisAgree [22] Agree [33] Reply Report Abuse

  • alfred, mumbai

    Wed, Oct 28 2015

    Manju, Mumbai, In what way have you felt that Acche Din has come.Have the prices of Onion ,Pulses or other essential commodities come down, Ease of doing business is for business people in what way does it good for a commoner, Just do not give useless comments for time pass sake.

    DisAgree [23] Agree [19] Reply Report Abuse

  • RAVINDRA, KARKALA

    Wed, Oct 28 2015

    Have you not learned Economics ? Ease in doing business will bring investment and Picking up Industrial activity creating huge employment for our youth and huge corporate, excise tax etc. to our country/govt. Regarding prices, when petrol prices decrease it is because of domestic and international factors, but when pulses price increase it is because of Modi, how it can be ?. Prices of sugar decrease from Rs.40/- to Rs.25/-, who is responsible ?

    DisAgree [8] Agree [15] Reply Report Abuse

  • alfred, mumbai

    Wed, Oct 28 2015

    First answer who is responsible for prise Do not give bashaans. First increase prices and allow hoarders to make money and as soon as people start crying raid hoaders catch some stock and bring down prices. What you think we are illiterate and do not know what is happening. Talk like an educated person if it is wrong its wrong do not justify by giving wrong excuses.

    DisAgree [6] Agree [4] Report Abuse

  • Manju, Mumbai

    Wed, Oct 28 2015

    Alfred.
    You are watching only paid media so you have no idea why the prices of pulses are gone up. Grow up man.

    Pulses are largely grown in rainfed areas and because of deficient monsoon the prices gone up.

    Wait for next month the price will come down because pulses are grown also in winter season that starts next month, the government is aiming to make up shortfall of the key lentils during this period.

    DisAgree [7] Agree [18] Reply Report Abuse

  • alfred, mumbai

    Wed, Oct 28 2015

    Manju For your kind information everyone in Mumbai is watching news by paying Set box does not come free and we have to pay the operators for watching news. Do not know if you are getting channels free of cost.
    Government knew rain deficiency is there than why was the measure not taken. Simple to allow all traders who belong to chaddi to make profit. Do not give speech but be practical

    DisAgree [6] Agree [3] Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Wed, Oct 28 2015

    Indian Jumps.
    Economy Sumps.
    Pulses prices Pumps.
    Swatch Bharat’s Dumps.
    Nepal to CPI beaten Drums.
    Suicides in India on the Ramps.
    The prices of commodities Lumps.
    This Cattle class governance Bumps.
    On the ground Indian economy Flumps.
    Suit Boot tax payer’s loot and well Plumps.
    Cow government’s corruption on the Humps.
    Possible presidential candidate Donald J. Trumps.

    DisAgree [31] Agree [15] Reply Report Abuse

  • readerwriter007, pune

    Wed, Oct 28 2015

    Forget all stupid remarks by Congi supporters and Modi haters. The below statement from a responsible personality like World Bank Chief Economist Kaushik Basu speaks everything. we need not get applause by the Dongi Congis. Here it is... "Terming the improvement in India's ranking a "remarkable achievement", World Bank Chief Economist Kaushik Basu said, "Going from 142 in the world to 130, as India has done, is very good sign. It gives a good signal about the way things are moving in India.". Keep moving Mr. Modi.... we are there with you.

    DisAgree [16] Agree [32] Reply Report Abuse

  • ROHAN, Mumbai

    Wed, Oct 28 2015

    but some INDIANS required BURNOL.

    DisAgree [14] Agree [30] Reply Report Abuse

  • sampath,

    Wed, Oct 28 2015

    and these guys will never change their attitude even if Indian becomes no1 in the future.

    DisAgree [11] Agree [28] Reply Report Abuse

  • Veerappa D N , Madikeri

    Wed, Oct 28 2015

    World Bank Chief Economist Kaushi Basu is an Indian and the Indians can be "bought" anywhere anytime.
    The advertisers of Burnol Pharma Company commenting here should note this.

    DisAgree [20] Agree [14] Reply Report Abuse

  • Anirudh P, Bangalore

    Wed, Oct 28 2015

    Veerappa D N , Madikeri

    For what value did dongi party “bought” you ?

    DisAgree [9] Agree [23] Reply Report Abuse

  • krish, Dubai

    Wed, Oct 28 2015

    Dear Veerappa,
    If you feel India "bought" World Bank Chief Economist Kaushi Basu then y 131???? y not No. 1????

    and do you think when we "bought" him all the countries kept finger in mouth and supporting India???

    comments with maturity please

    DisAgree [1] Agree [3] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Oct 28 2015

    We have put 25 Beef Exporting Nations behind ...

    DisAgree [28] Agree [20] Reply Report Abuse

  • ilyas, qatar

    Wed, Oct 28 2015

    hahaha bakth logh kush

    DisAgree [26] Agree [10] Reply Report Abuse

  • Sudhakar, Kallianpur

    Wed, Oct 28 2015

    Ilyas,

    Why you are not Indian?

    DisAgree [10] Agree [27] Reply Report Abuse

  • Ilyas, Qatar

    Wed, Oct 28 2015

    Sudhakar am not only Indian and am proud to Indian but not dumb like you

    DisAgree [11] Agree [12] Reply Report Abuse

  • Sudhakar, Kallianpur

    Wed, Oct 28 2015

    Ilyas,

    If you are an Indian appreciate the good facts of India. Otherwise, it is sure that you are not only a dumb, you are duffer also.

    DisAgree [1] Agree [5] Report Abuse

  • ilyas, qatar

    Wed, Oct 28 2015

    Sudhakar can you pls explain what is the good facts of india here...??!!good facts only for business people not for poor

    DisAgree [3] Agree [3] Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Wed, Oct 28 2015

    Kya tum Bharatiya ho ya Qatari?
    Itni khujli kyon?

    DisAgree [12] Agree [28] Reply Report Abuse

  • Rahul, Mangalore

    Wed, Oct 28 2015

    Only 21 Comments

    DisAgree [5] Agree [15] Reply Report Abuse

  • Veerappa D N , Madikeri

    Wed, Oct 28 2015

    Whether World Bank was pressurized by Indian Govt to release this report to influence the urban voters of Bihar in its 3rd phase election? In this third phase of Bihar election the Urban voters are more in number. Hence this Title-hogging exercise as said by Arun Shaurie.

    DisAgree [13] Agree [15] Reply Report Abuse

  • Sudhakar, Kallianpur

    Wed, Oct 28 2015

    Veerappan,

    You are accepting here that India has come to the stage that it can dictate World Bank.

    DisAgree [12] Agree [19] Reply Report Abuse

  • Sudhakar, Kallianpur

    Wed, Oct 28 2015

    Veerappa,

    Sorry for mentioning as Veerappan, it's a mistake.

    DisAgree [9] Agree [14] Reply Report Abuse

  • Ramakrishna A K , Mangalore

    Wed, Oct 28 2015

    Which of the 12 Countries India has put behind ?
    May be all twelve are African Countries or Strife torn countries of Middle-East and erstwhile Russia.

    DisAgree [19] Agree [14] Reply Report Abuse

  • Sudhakar, Kallianpur

    Wed, Oct 28 2015

    Ramakrishna,

    You are accepting here India was far behind these countries during UPA rule.

    DisAgree [11] Agree [25] Reply Report Abuse

  • The Guru, Mangalore

    Wed, Oct 28 2015

    Ramakrishna A K , Mangalore

    Most are peaceful arab countries

    DisAgree [11] Agree [11] Reply Report Abuse

  • G Z T Kunte, Udupi

    Wed, Oct 28 2015

    India has no Ease of eating food of their choice.
    This year it was worst after Independence.
    India is the only country in the world which wants to control eating habits of its people and push India to Medieval age.

    DisAgree [12] Agree [15] Reply Report Abuse

  • Ramesh S, mangalore

    Wed, Oct 28 2015

    ..Put BEEF to rest and enjoy this news..Good news..Business increases, jobs created, Income increases, poverty level decreases..

    DisAgree [11] Agree [23] Reply Report Abuse

  • gm, mlur

    Wed, Oct 28 2015

    Dreams are good but reality who knows?

    DisAgree [14] Agree [18] Reply Report Abuse

  • Amith, udupi

    Wed, Oct 28 2015

    Daal ?? unda vonas gu ..ganji ne gathi na

    DisAgree [8] Agree [7] Reply Report Abuse

  • ROHAN, Mumbai

    Wed, Oct 28 2015

    Great Step by the Indian Premier !!but some INDIANS required BURNOL.

    DisAgree [16] Agree [17] Reply Report Abuse

  • Roshan, Mangaluru

    Wed, Oct 28 2015

    TELSCO electric car manufacturing company, which Modi even visited during his US visit, but recently it opted to go to China. Modi's selfie with the car was flashed on all print and tv channels.

    The reason the company gave for moving to china is Ease of Doing business.

    Now make your judgement. Whether the jump counts or the companies that really come and actually invest matters.

    Further, there is steady increase of FDI inflows. Govt., was harping on claiming its make in India was doing well. However, now it is realized that the companies are investing on domestic consumption.
    That implies they invest on something where, you and I would spend our money on and take away the profits. Like they invest in a amusement park, once the money starts flowing in they take all profits out. They get subsidized land rate, power and tax relief, at the most there will be 20people employed, as they are highly mechanized. Now look who is winning and who is loosing.

    DisAgree [23] Agree [23] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Wed, Oct 28 2015

    Wrong & misconstruted news being spread to confuse readers on forum. Telsco Electric Car had already started work on its new plant in China in 2014, even before Modi visited them in July. This is clearly mentioned in newspapers as well as their CEO is setting up a complete Battery manufacturing unit in India, most probably in Gujarat or Punjab.

    I do not understand why frustrated dongi supporters still seething in jealousy on their own country get into spreading mis information like this. Are you Indians or foreigners masquerading here just to cheat us?

    DisAgree [15] Agree [24] Reply Report Abuse

  • Roshan, Mangaluru

    Wed, Oct 28 2015

    Can you give the URL link of that news as you mentioned for the benefit of readers ?

    DisAgree [13] Agree [18] Reply Report Abuse

  • readerwriter007, pune

    Wed, Oct 28 2015

    absolutely misguiding by Dongi Congi supporters yaar. It's just the hard work by Modi during these months and all the contractual agreements between countries , especially supporting Make in India has resulted this jump in India's position. IF India had dropped down by few count, the same people would have told it's because of Modi it has fallen down. Now it has jumped up and they don't know what to say.. so giving stupid reasons like Indian Govt has pressurized World bank and all. Is it a joke to interfere in World bank processes and reportings.. come on yaar.

    DisAgree [12] Agree [13] Reply Report Abuse

  • prr, sullia

    Wed, Oct 28 2015

    India received $ 31 billion dollars in first half of 2015 beating China for the first time. Most of the investment is in Power sector, Automobile sector, Insurance sctor and service industry not amusement park employing 20 people as you mentioned. These are billions of dollars not million dollar.

    DisAgree [5] Agree [18] Reply Report Abuse

  • vivek, herebile / abudhabi

    Wed, Oct 28 2015

    it would have been Clear if they have announced which those countries Indian put them Back....Hope they weren't Iraq and Syria.....And as Kaushik Basu said bureaucratic cost.... hope International Traveler will reduce his Foreign trip.....for Bihar poll no need of Canvasing from BERLIN......waste of traveling..

    DisAgree [17] Agree [13] Reply Report Abuse

  • Amin Bhoja, Patte / Riyadh

    Wed, Oct 28 2015

    It is 'MODI' effect !!!No doubt at all !!!He is blended with Politician plus a super shrewd salesman !!!

    DisAgree [6] Agree [31] Reply Report Abuse

  • Vishal, Mangalore

    Wed, Oct 28 2015

    Without doubt, Mr. Narendra Modi needs to be commended on this progress. From all accounts, he is the man who is behind this achievement. While this is certainly very good news and while assuring that all Indians would be behind him in all good things he does for the country, I would also like him to tell all those who create trouble in the name of caste and religion that there is no place for such people and their regressive thoughts in this advancing country. Let him make it very clear to them. Once again, congratulations Mr. Modi.

    DisAgree [5] Agree [20] Reply Report Abuse

  • Ahmed, Mangaluru

    Wed, Oct 28 2015

    India is getting better on ease of doing business should be appreciated. Meantime, are we getting better on ease of living? If living is eased, then what is the use of ease of doing business. If government can control the fanatics groups, then India can even reach better heights.

    DisAgree [10] Agree [19] Reply Report Abuse

  • V V Gladys Noronha , Kuwait

    Wed, Oct 28 2015

    That's good. But look at our number. Still 130th. It shows need lots of improvement yet!!!!
    V V Gladys Noronha
    Kuwait / Bahrain / Bahrain

    DisAgree [8] Agree [17] Reply Report Abuse

  • readerwriter007, pune

    Wed, Oct 28 2015

    this very back bench position is the gift by the UPA govt which ruled us for decades. They just enjoyed looting the country, never bothered about the nation nor on these things like how is India on ease of doing business. Now we have a dynamic leader Mr. Modi and hence we could see this jump and in future also we will be seeing tremendous improvement in the way India was doing business and if we let him to complete full tenure , India will be one of the top country to do business in the world. Excited to see such a day in future. this dream is just because of the versatile way of Modi leading the country and the road map shown by him.

    DisAgree [9] Agree [9] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Wed, Oct 28 2015

    As an Indian, Feel proud reading this! Great effort by Team NDA, India is climbing up the global ladder!!

    All patriots & proud Indian, press AGREE! Anti Nationals, frustrated souls who cannot SEE INDIA PROGRESSING can DISAGREE

    DisAgree [10] Agree [36] Reply Report Abuse

  • Sachidanand Shetty, Mundkur/Dubai

    Wed, Oct 28 2015

    Those who bombarded their comments for beef, Daal, Onion, etc should write their comments to this article too!!!! But as usual they can’t bear this news by default for sure

    DisAgree [20] Agree [41] Reply Report Abuse

  • Hussain, Abudhabi

    Wed, Oct 28 2015

    Can this article bring down the rate of Dal and onion ?
    Can this article bring down the communal minds of chaddies?
    Can this article bring down the oppression of minors on beef issue?

    DisAgree [29] Agree [28] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Wed, Oct 28 2015

    Hussian, you're sitting so far away, why get so frustrated & jealous on news where in your own country is appreciated.

    By the way, presume you're Indian, else there would not be so much of desperate frustrations & venom spewing

    DisAgree [18] Agree [32] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Oct 28 2015

    Don't count the Chickens before they are Hatched ...

    DisAgree [42] Agree [35] Reply Report Abuse


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Title: India jumps 12 spots in World Bank's Ease of Doing Business list



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