In the earlier piece, we have covered the news that India took a big jump in Ease of Doing Business (EODB) Ranking 2019. In fact, the improvement in the EODB ranking has been consistent in the last four years of Modi government. This achievement is a result of many pro-active steps and effective implementation of various policies on ground. An example may help you to realise the thrust that the government has been giving to bring ease in the business environment like in 8 years from 2006 to 2014 only 11 reforms took place whereas from 2014-18 as many as 20 reforms have taken place.
Below is the infographic that shows how India has taken the jump in “Ease of Doing Business” ranking after 2014.
Here are the parameters on the basis of which World Bank decides the ranking of a country.
As explained above, below are the infographics that tell the journey of India in the last 4 years.
Here are the infographics based on “Doing Business Report 2019”
All the reforms as discussed above suggest that India holds an immense potential for business. It is the political will that is required to facilitate the growth of business and industries in India.