India’s rank in World Bank Doing Business 2017 Report

Q.  India’s rank improved in which of the following areas of the World Bank Doing Business 2017 Report?

1) Starting a Business
2) Getting Electricity
3) Trading Across Borders

- Published on 28 Oct 16

a. 1, 3
b. 1, 2
c. 2, 3
d. All of the above

ANSWER: 2, 3
 
  • The World Bank’s annual Doing Business 2017 report recognizes India’s achievements in implementing reforms in four of its ten indicators – Trading Across Borders, Getting Electricity, Enforcing Contracts and Paying Taxes.
  • This is the first time in its history that India has been recognized for improvement in four indicators.
  • The Doing Business report ranks countries on the basis of Distance to Frontier, an absolute score that measures the gap between India and the global best practice.
  • India’s absolute score improved from 53.93 to 55.27 in the previous year. This is the first time in history that India has improved its absolute score in two consecutive years.
  • Additionally, India’s Distance to Frontier score improved on 6 out of the 10 indicators, showing that India is increasingly progressing towards best practice.
  • The World Bank acknowledges only such reforms which have been implemented in Mumbai and Delhi by 1st of June each year; if they are reported as implemented by business intermediaries.

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