India has been placed 63rd out of 190 countries — an improvement of 14 places from its 77th position last year in the World Bank’s Ease of Doing Business 2020 survey.
As per survey, India is one of world’s top 10 most improved countries for the third consecutive time.
Remarkable jump since 2014
The jump in ranking is significant, as it comes after last year’s 23-rung jump when India’s rank improved to 77 among 190 countries. Last year, India jumped 23 places to reach 77th position. In five years of the Modi government, India’s ranking has improved 79 places – to 63 in 2019 from 142 in 2014 – a record for a major economy.
Top Ten countries
New Zealand has topped the ranking. The ten top countries with respect to the indicator were: New Zealand, Singapore, Hong Kong SAR China, Denmark, Republic of Korea, United States, Georgia, United Kingdom, Norway, and Sweden. Each country is scored and also ranked ( a comparison ).
India’s performance
As per the report, among other improvements, India made the process of obtaining a building permit more efficient. Obtaining all permits and authorizations to build a warehouse now costs 4% of the warehouse value, down from 5.7% the previous year. In addition, authorities enhanced building quality control in Delhi by strengthening professional certification requirements. Importing and exporting also became easier for companies with the creation of a single electronic platform for trade stakeholders, upgrades to port infrastructure and improvements to electronic submission of documents.
India saw the biggest jump in ranking in “resolving insolvency” category, to 52nd rank from 108th, on the back of implementation of the Insolvency and Bankruptcy Code, while its ranking improved substantially in Dealing with Construction Permits (to 27th from 52nd) and “Trading across Borders” (to 68th from 80th).
| S. No. | Indicator | 2018 | 2019 | Change |
| 1 | Resolving Insolvency | 108 | 52 | +56 |
| 2 | Construction Permits | 52 | 27 | +25 |
| 3 | Trading Across Borders | 80 | 68 | +12 |
| 4 | Registering Property | 166 | 154 | +12 |
| 5 | Paying Taxes | 121 | 115 | +6 |
| 6 | Getting Electricity | 24 | 22 | +2 |
| 7 | Starting a Business | 137 | 136 | +1 |
| Overall rank | 63 | 77 | +14 |
Indicators
The indicator measures the performance of countries across 10 different dimensions in the 12-month period ending May 1, 2019. The ten areas of study are defined as: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. An 11th area — employing workers, is measured but not factored into the score. A total of 294 reforms had been enacted by 115 countries, the Bank said.
