Relevance : GS Paper III
Context
There has been a rise in India’s ranking by 14 places to 63 in the World Bank’s Ease of Doing Business 2020 survey.
Some important data
- India figures in the top ten most improved countries in the world for the third consecutive year.
- India’s rank has improved from 108 to 52 in the “resolving insolvency” category .
- The country’s ranking in the “Trading across borders” category jumped from 80 to 68.
Still behind the competitors
- India is still below its competitors for global capital, particularly China.
- The country lags in key metrics such as “Starting a business’.
Ranking based on Mumbai and Delhi only
- The rankings are based on samples and audits done in Mumbai and Delhi only.
- It is needed to streamline processes across the country.
Conclusion
Rise in rankings will depend on how much the States reform their systems.
