The Ministry of Commerce and Industry has prepared a framework for improving India's position

Ease of doing business is very important for the economic growth of any country. In such a situation, the Ministry of Commerce and Industry has prepared a framework for improving India's position in the World Bank's Ease of Doing Business Rankings.


DPIIT is focusing on improvement activities in these cities
The Department of Industry and Internal Trade Promotion (DPIIT) is focusing on improvement activities in Kolkata and Bangalore. This is because the World Bank has decided to prepare a Business Accessibility Report based on Kolkata and Mumbai apart from Delhi and Mumbai from this year. Including Kolkata and Bangalore will provide a universal picture of the business environment in India. Not only this, the World Bank has also increased the number of standards for the Ease of Doing Business Rankings to 11. It incorporates the new standard of government contracting.

DPIIT is focusing on these standards

In this context, an official said that DPIIT is considering six standards. This includes standards such as enforcement of contracts and commencement of business. The government will share details of reform activities from the World Bank in May-June 2020. The six standards that DPIIT is focusing on include:

    Enforcement of contract (India ranks 163 in this)
    Bankruptcy Settlement (India ranks 52nd in this)
    Starting a business (India ranks 136th in this)
    Property Registration (India ranks 154th)
    Tax paid (India ranks 115th in this)
    Cross-border trade (India ranks 68th in this)

India at 63rd position

Explain that in the World Bank's Ease of Doing Business Ranking 2020, India had jumped 14 places in terms of ease of doing business. India is ranked 63 in this list. Saudi Arabia is 62nd and Ukraine is 64th. In this list, any country is ranked keeping in mind the four major areas.

India was ranked 77th in the year 2018
India was ranked 77th on this list in the year 2018, while it was ranked 100th in the year 2017. During this period, there was all round criticism of the central government for the slowdown in the economy. However, despite this, India has confirmed its place in the list of top 20 countries.

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