To improve global ranking, India has submitted ‘easy business’ evidence to World Bank

Seeking a rise in its world ranking, India has decided to approach the World Bank with detailed evidence about the ease of doing business in the country. As of now, India ranks 130th globally, but PM Modi wants to break into the top 100 this year, and in top 50 in the coming three years.

Also read: India eyes place in top 100 on ease of doing business list

The evidences to be submitted include logs of construction permits, containerised cargo movement at ports and setting up of a company, so that there is no stone unturned in the efforts of convincing the World Bank.

Also read: India will try to impress World Bank to move up in ease of doing business ranking. Here’s how

It was on August 14th that World Bank officials met officials from the Department of Industrial Policy & Promotion (DIPP), after completing field inspection and verification of claims over the 14 parameters on ease of doing business. Even though the World Bank team has wrapped up field investigations, DIPP is being proactive and is providing evidence to the team.

The results of these efforts would be out in October, when the results would be announced.

DIPP has targeted some specific areas, like starting business, insolvency procedures, construction permits, and ease of trade across borders and electricity connections.

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