India ranks 130 in ease of doing business; jumps 12 spots: World Bank report

Washington, October 28 : Marking a significant improvement, India now ranks 130 out of 189 countries in the ease of doing business, moving up 12 places from last year, according to the World Bank’s ‘Doing Business 2016’ report.”A forward movement of 12 spots in the ease of doing business by an economy of the size of India is a remarkable achievement,” World Bank’s Chief Economist and Senior Vice President Kaushik Basu said.”For any big economy, a rank improvement of 12 is a remarkable achievement. Going from 142 in the world to 130, as India has done, is very good sign. It gives a good signal about the way things are moving in India,” Basu told PTI in an interview as World Bank released its annual report ‘Doing Business 2016’ which is topped by Singapore, followed by New Zealand, Denmark, South Korea, Hong Kong, Britain and the US.
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.