India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
"This is the third year in a row that India makes to top 10 in Doing Business, which is a success which very few countries have done over the 20 years of the project, Without exception, the other countries that have done this are very small, population-wise, and homogeneous," Simeon Djankov, Director of Development Economics at the World bank told PTI in an interview.
The average number of procedures for starting a business is seven among South Asian economies, it is 12 for India.
Policy discussions now should urgently focus on the road map for serious economic and institutional reforms to put India on a sustained high growth trajectory like the Chinese economy, says Jayanta Roy.
While some countries are business friendly, others are not.
Ranks 132 among 185 countries; position for 2013 unchanged from 2012.
The 2015 World Bank group's Doing Business index ranked India at 142, down from 140, which it was the year before.
In the latest Doing Business report of the World Bank, India's position jumped 30 places to rank 100th among 190 nations.
Explore the map to see and compare different countries' Doing Business Index in 2015.
The ministry of electronics and information technology is working on creating a software product council, including members from the government, academia and industry that will work on implementing a software products mission.
Delhi Police ask for 45 documents for opening a restaurant, only 19 for a gun: Survey
If the states do not chip in with better governance procedures in the setting up of new businesses, providing electricity connections, enforcing contracts, issuing construction permits or registering property, there is little the Centre can do on its own to quickly move India up the index on ease of doing business, says A K Bhattacharya.
The government proposes to reduce the time taken to register a business from 27 days to one day.
Bedi, in a series of tweets, shared her plan to make the national capital more 'economically vibrant'.
The country's ranking had jumped from 142nd spot last year.
Modi said it is an outcome of India's consistent reforms trajectory that the country's position is getting credence globally and is being recognised by international bodies like the IMF, World Economic Forum and UNCTAD.
For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.
According to HSBC, India's current account deficit is expected to narrow from 1.1 per cent of GDP in 2014 to 0.6 per cent in 2015.
Aayog feels expansion of the lowest base will enable more people to pay taxes.
India does not feature in the top 100 countries on eight of the 10 indicators of the World Bank study.
The US president-elect met Silicon Valley's most powerful executives -- CEO of Microsoft Satya Nadella, Jeff Bezos of Amazon, Tim Cook of Apple, Elon Musk from Tesla, Larry Page and Eric Schmidt of Alphabet -- parent company of Google among others.
India worked in close partnership with the World Bank to improve its position, says NITI Aayog CEO Amitabh Kant.
Prime Minister Narendra Modi hailed as "historic" the jump.
Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
World Bank's Doing Business Indicators ranks India (out of 189) at 132 for trading across borders.
The 'Missing link in India's Act East Policy', as India's former foreign secretary Shyam Saran calls it, needs to be filled sooner rather than later, says Dr Rahul Mishra.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances