World Bank’s ‘ease of doing business’ ranking India has jumped 23 places to rank 77 helped by improvement in 6 out of 10 indicators.
India improved its ranking for the second straight year on the back of reforms related to insolvency, taxation and other areas. 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.
New Zealand tops 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.