Ease of doing Business in India – Road Ahead

Abstract

This paper discusses the ranking of India in various indicators of measuring Ease of doing business and steps that India has taken to move up the ladder of Ease of doing business ranking. India’s rank in the World Bank’s Ease of Doing Business 2019 survey climbed 23 places to 77 among 190 countries surveyed, making it the only country to rank among the top 10 improvers for the second consecutive year. India has taken efforts to improve ease of doing business and simplified the process of 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. But India needs to reform more in order to feature in top 50 ranking. India in order to improve economic growth and enter the “double digit” growth, must improve its business environment. An enterprise-friendly regulatory environment will allow easy entry and exit of enterprises, enable them to reach an optimal size and scale, and boost job creation in turn leading to faster economic growth.