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India jumps 12 places in ease of doing business report
Posted on: 28-10-2015 , 11:49:AM | DY365 Bureau

 Oct 28, 2015- Moving up 12 places than the previous year, India now ranks 130 out of a total of 189 nations in the ease of doing business. This was revealed by a report developed by the World Bank. However, Singapore remains the easiest place to do business with the top rank.  

There were barely any changes in the report's top 10, according to adjusted data using this year's criteria for both the 2015 and 2016 rankings.
New Zealand remained in the number-two position, followed by Denmark (3), South Korea (4), Hong Kong (5), Britain (6) and the United States (7). Sweden moved up a notch to number eight, switching places with Norway. Finland kept its 10th place.
"A forward movement of 12 spots in the ease of doing business by an economy of the size of India is a remarkable achievement," Kaushik Basu, World Bank chief economist.
China is ranked 84 and Pakistan is at 138th place. Pakistan in fact has slipped 10 spots from 128 last year while China has moved six spots in a year from 90 since the last report. The World Bank said India, which has a global ranking of 130, implemented two reforms during the past year.

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