Ease of doing Business Index News
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India’s remarkable jump has also been witnessed on the Global Innovation Index. In the past 4 years, India’s rank in the GII has improved from the 81st rank in 2015 to the present 52nd rank in GII 2019 report.
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India jumped from 100 to 77 in the World Bank's 'Ease of Doing Business' index and is ahead of neighbours China, Pakistan, Bangladesh, Nepal and Sri Lanka.
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India has recorded a jump of 23 positions against its rank of 100 in 2017.
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Government is planning to put 98 per cent of sectors, which are open to foreign investments, under the automatic route so that businessmen won't need to visit the Finance Ministry or 'Udyog Bhavan' for any approval, a top official said today.
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According to a recent World Bank report, India's ranking in global ease of doing business has improved by 12 notches to 130 out of 189 countries.
The CII President said he would like to see much more action being taken on Ease of Doing Business, to cut out the red tape.
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