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India jumps 23 spots on World Bank's 'ease of doing business' index, ranks 77

  •   Wed, Oct 31 2018 09:32:39 PM

New Delhi/Washington, Oct 31 (PTI): India has jumped 23 places to the 77th position in the World Bank's 'ease of doing business' ranking released Wednesday, a development that could help the country attract more foreign investments.

India was ranked 100th in the World Bank's Doing Business Report last year.

The ranking comes as a shot in the arm for the Narendra Modi government which faces strong dissenting voices from opposition parties ahead of the general elections next year.

In its annual report 'Doing Business' 2019 report, World Bank said India improved on six of the 10 parameters relating to starting and doing business in a country.

These parameters include ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency.

India was ranked at the 142nd position among 190 nations when the Modi government came to power in 2014.

It rose to 100th spot in the last ranking from the 131st rank in the previous year.

New Zealand topped the list of 190 countries in ease of doing business, followed by Singapore, Denmark, and Hong Kong.

The United States is placed eight and China has been ranked 46th. Neighbouring Pakistan is placed at 136. World Bank put India among the top 10 economies to make the most improvements.
  

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Comment on this article

  • Rahul, knoxville

    Thu, Nov 01 2018

    Reading some of the comments makes me realize time and again why india will remain a third world hell hole. Societies prosper and progress through industrialization not agrarianism. We need many more businesses and a robust entrepreneurial culture like China to create jobs for a large population.

    DisAgree Agree [13] Reply Report Abuse

  • Jenifer, Mangalore

    Thu, Nov 01 2018

    Rahul,

    "Societies prosper and progress through industrialization not agrarianism"

    But in India, businessmen make money and flee, send foreigners back to India to copy them. What was wrong if Ni-Mo and Choksey had continued to do business in India ? Why do we need foreign investments ? Why they had to make Antigua richer out of us Indians' money ?

    DisAgree [8] Agree [6] Reply Report Abuse

  • RAJESH, mangyshetty8@gmail.com

    Thu, Nov 01 2018

    Which government allowed Anderson to flee after killing around 3000 Indians?. Do you think if by putting Mallya or Nirav in jail, India will get money lost through the scam. Mallyas loans were obtained at the time of UPA in Power.5

    DisAgree [4] Agree [2] Reply Report Abuse

  • Rahul, Knoxville

    Fri, Nov 16 2018

    For every choksi and nirav modi there is also shiv Nadar and Anand Mahindra. If you make a blanket statement that businessmen are bad what about our rogue politicians especially the ultra corrupt and shameless gandhi dynasty. The very fact that large section of southern Karnataka runs hippety skip to capitalist gulf and other Industrialized states shows that communism and socialism is a force. Humans are inherently materialistic and an think for themselves. Every disruption creates not eliminates jobs. World transitioned from Hunter gatherer to Agrarian to industrial society. India cannot afford to remain backward because of whims of one socialists

    DisAgree Agree Reply Report Abuse

  • Rahul, Knoxville

    Fri, Nov 16 2018

    If you feel we do not need foreign investments then by the same logic we do not need foreign migration either. Maybe all keralites and South karanatka people should leave gulf en masse and come back to India. We have already lost the race to east Asia thanks to disastrous socialist policies of nehru dynasty and communist lobby.

    DisAgree Agree Reply Report Abuse

  • Mangalurian, Mangaluru

    Thu, Nov 01 2018

    It appears that the Gujju-bhai and his supporters believe that large-scale industrialization is what India needs to pursue...
    ... and become another China.

    That is all packaged under the slogan of "MACK in India" by the Gujju-bhai.

    But one needs to be very careful. AI and Robotics have begun to replace factory workers. USA and other major importers of mnufactured goods from others (like China) can make them with very low costs.

    So, any large-scale industrialization efforts in India with a view to exports are likely to be investments with no returns!

    Similarly, the large-scale industrialization efforts will not translate into larger employment. Robots will do all the work - with no pay, no strikes, and no #MeToo issues!

    DisAgree [1] Agree [4] Reply Report Abuse

  • Mangalurian, Mangaluru

    Thu, Nov 01 2018

    The ranking is based on many factors - all of which fed by sources within India. So the neutrality of the report can be questioned.

    But the ranking, done solely for the benefit of potential investors, does not mean much to an investor.

    The investor looks for maximum returns, with many other favourable conditions (not covered by the report): cost of labour, labour union activism, currency exchange rate, easy/quick legal processes, etc, etc.

    The proof of the pudding here is getting greater investment. But that is not visible so far.

    Instead, reverse seems to be true! According to reports, FDI is reducing, while outflows are double of inflows!

    DisAgree [3] Agree [6] Reply Report Abuse

  • Krishna Dasa, Udupi,.

    Thu, Nov 01 2018

    Under previous Governments For foreign companies it was difficult to take (Business earnings) money out of India. Present Government is encouraging every one to take foreign exchange to Developed countries. That made ease of doing business in India and it will wipe out middle class and generate more Billionaires and Lower income persons

    DisAgree [10] Agree [5] Reply Report Abuse

  • Abhijit, M'lore

    Thu, Nov 01 2018

    Mr. Economist

    DisAgree Agree Reply Report Abuse

  • Nithin Poojary, Mangalore

    Thu, Nov 01 2018

    People who doesn’t know the meaning of “Ease of Doing business” Ranking is giving credit to Modi.....

    First try to understand what is this ranking all about....

    It’s nothing but A Country which usually has simpler, regulations for businesses and stronger protections of property rights.

    During UPA Modi was against 49% FDI, but we all know Modi is know for U Turn, this cabinet has approved 100 percent FDI....Modi has the luxury of absolute majority.....

    100% FDI was the main reason for this jump....then nothing else....if the opposition and UPA allies had been not opposed FDI then this jump would have been long back.....

    DisAgree [5] Agree [15] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Oct 31 2018

    Selling Tea & Pakoda's is not Rocket Science ...

    DisAgree [6] Agree [7] Reply Report Abuse

  • Pacchu, Udupi

    Thu, Nov 01 2018

    Normal backwaas!!

    DisAgree [5] Agree [5] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Thu, Nov 01 2018

    Utter inner frustrations & deep heart jealousy!

    DisAgree [3] Agree [7] Reply Report Abuse

  • Sampath, India

    Wed, Oct 31 2018

    People with no proude feelings should be included in NRC list ... just send them to mars...

    DisAgree [12] Agree [7] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Nov 01 2018

    Hai Hai Mirchi ...

    DisAgree [4] Agree [3] Reply Report Abuse

  • Sampath, India

    Wed, Oct 31 2018

    182 feet tall statue is ready ..some people might jump out ...after reading this...

    DisAgree [10] Agree [9] Reply Report Abuse

  • Rajesh, UDUPI

    Wed, Oct 31 2018

    Everything will jump now, as May 2019 is nearing. Wait and see what will jump next........

    DisAgree [4] Agree [10] Reply Report Abuse

  • DON, Udupi

    Wed, Oct 31 2018

    World bank is now sure that it's easy to scam indian banks and run away.

    DisAgree [4] Agree [11] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Wed, Oct 31 2018

    This ranking must be seen with the Global Hunger Index for a clear picture of India and the Government priorities.

    DisAgree [4] Agree [11] Reply Report Abuse

  • Jenifer, Mangalore

    Wed, Oct 31 2018

    If the tallest statue to be manufactured in CHINA
    If Rafale to be manufactured in FRANCE
    If Bullet Train to be manufactured in JAPAN,

    Of what us are spots for common Indian ? Can the numbers India jumped be eaten ?

    DisAgree [12] Agree [25] Reply Report Abuse

  • Dr.S.Kamath, Mumbai

    Wed, Oct 31 2018

    You are wrong
    All of the statue except the bronze cladding on the statue is by China as we don't have a single Bronze foundry in India due to 65 years of misrule by Congee
    Rafael jets are made in France but later the spare parts are made in India
    In Bullet train too thee will be technology transfer . Second bullet train will be 100% Indian

    DisAgree [20] Agree [16] Reply Report Abuse

  • Manu, Udupi

    Wed, Oct 31 2018

    So make in India is another Jumla?

    DisAgree [3] Agree [3] Reply Report Abuse

  • Alfria, Mumbai/Mangalore

    Thu, Nov 01 2018

    Kamath: I think you should update with day to day news every citizen in India knows that the statue was made in china and nothing was done in India. Don't comment here for time pass sake because as of today people have become literate and know the truth

    DisAgree [5] Agree [3] Reply Report Abuse

  • Shankar, Mangaluru

    Thu, Nov 01 2018

    All foundation, structure and erection was from L&T India.

    DisAgree [1] Agree [2] Report Abuse

  • Jenifer, Mangalore

    Thu, Nov 01 2018

    "we don't have a single Bronze foundry in India due to 65 years of misrule by Congee " ?????

    Who asked Modi to apply bronze technology on the statue ?? Sardar Patel personally, or you ?? What is the achievement after all by installing such a statue to which tax-payers' money has to be drained ?

    Nevertheless, my original question was, did the statue give food to a hungry Indian ??

    DisAgree [5] Agree [7] Reply Report Abuse

  • Shankar, Mangaluru

    Thu, Nov 01 2018

    Did thousands of Nehru, Rajiv and Indira in every corner of India ever fed the hungry?

    DisAgree [1] Agree Report Abuse

  • Sk, Mumbai

    Wed, Oct 31 2018

    Don't be so frustrated. We know that you like only Made in Italy products. But sadly that product is useless.

    DisAgree [17] Agree [15] Reply Report Abuse

  • Rupesh, Mangalore

    Wed, Oct 31 2018

    hahah.. You nailed badly..

    DisAgree [3] Agree [4] Reply Report Abuse

  • Jenifer, Mangalore

    Thu, Nov 01 2018

    Nailed ??? Babaji-ka Tullu !

    Read the comment below !

    DisAgree [3] Agree [4] Report Abuse

  • Jenifer, Mangalore

    Thu, Nov 01 2018

    SK,

    Modi went after 'Made in Italy' copters, to find out SG's role in it and to establish that its not Thyagis but Congress leaders who benefited out of it, through his entire (almost now) term at the center. Till four and half years he could not prove a dime. Instead, he is falling in the pit he dug himself by Rafale deal.

    No, we Indians don't want 'Made in Italy' nor 'France, China, Japan' - we want the Black money brought in and distributed as Modi gave us dreams.

    Can you bring this into reality ??

    DisAgree [3] Agree [10] Reply Report Abuse

  • Shankar, Mangaluru

    Thu, Nov 01 2018

    You din't vote for Modi, you don't deserve.

    DisAgree [3] Agree [1] Report Abuse

  • Dr.S.Kamath, Mumbai

    Wed, Oct 31 2018

    Under UPA this rank was 142
    Under Modi now the rank is 77
    This ranking is given by not any private company but by World Bank top rated Bank of world
    Now there will be some Jealousy people who say this is not so
    Let's rejoice the great success story of India Business
    Every business men say things are easy now .

    DisAgree [24] Agree [18] Reply Report Abuse

  • Jenifer, Mangalore

    Wed, Oct 31 2018

    Please explain how the number jumping on WB's index helps common man ?

    A gas cylinder could be purchased @ Rs. 300/- when the index read 142. But when it reads 77, the cost of the cylinder is Rs. 900/- Is this Modi's achievement you are applauding ?

    DisAgree [13] Agree [18] Reply Report Abuse

  • Dr.S.Kamsth, Mumbai

    Wed, Oct 31 2018

    Regarding Gas cylinder you are wrong because there is Subsidy direct debit transfer and thus price is much lesser although little higher than that was 5 here's back
    What's it for common man are as follows
    1.Orher day I met a Security guard working in a Media firm .He says previously every time I go to get for PCC ( Police clearance certificate) I had to spend RS 2000 bribe .Now as Modi has introduced CTNS it's fast and no bribe to be given everything online
    2.I met one lady who used to say 5 years back no ration in Ration shops .Now wheat sugar are available dispersed throughout Aadhar card.Also 5 crore LPG connection has been given
    3.Above all when ease of doing business is better more and more FDI ,more companies more jobs for poor .Better economy

    DisAgree [3] Agree [8] Reply Report Abuse

  • Alan, Mangalore/U.S.A

    Thu, Nov 01 2018

    Kamath, The ease of doing business aptly applies to Anil Ambani.... The Rafael deal was routed through him in spite of his declaring Bankruptcy , without any technical know how. after sidelining the Indian company H.A.L.. So in relative terms this is what is meant by Ease of doing business...

    DisAgree [1] Agree [1] Reply Report Abuse

  • Rolf, Dubai

    Wed, Oct 31 2018

    in cow matha flesh export.

    DisAgree [10] Agree [16] Reply Report Abuse

  • Swamy, Mangalore

    Wed, Oct 31 2018

    We are not far from Pakistan. Where are the business activities happening in India now????. Is No Business Means 'Ease Of Doing Business'????!!!!....

    DisAgree [11] Agree [18] Reply Report Abuse


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Title: India jumps 23 spots on World Bank's 'ease of doing business' index, ranks 77



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