Telangana News

India continues to rank at 130th position in terms of ease of doing business (EODB), indicating that, the country has no improvement in dealing with construction permits, getting credit and other parameters.

However, the last year’s ranking was 131 from which the country has improved its place by one spot. The Indian government is aiming to bring the country into top 50. Expressing disappointment over the rank, the Centre said that, the report did not consider 12 key reforms undertaken by the government.

While New Zealand occupied the top position, Singapore is in the next position, followed by Denmark, Hong Kong, South Korea, Norway, the UK, the US, Sweden and the former Yugoslav Republic of Macedonia and interestingly Pakistan is in 144th position.

The top 10 improvers on the basis of reforms undertaken are Brunei Darussalam, Kazakhistan, Kenya, Belarus, Indonesia, Serbia, Georgia, Pakistan, United Arab Emirates and Bahrain.

Reportedly, 137 economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses. Last year, the developing countries carried out over 75% of the 283 reforms, with Sub-Saharan Africa accounting for over one-quarter of all reforms, it added. 

“What we have seen is a remarkable effort on the part of the government to implement business reforms. It looks like we are going to have to wait for another year or so. But the direction of change is fundamentally a very significant one,” Global Indicators group director Augusto Lopez-Claros said.