Ranking "Ease of doing business" in 2019: know what worked for India and what did not do it in the space of 23 notches in the 77th

The country registered an improvement in six of the ten parameters, after having recorded a jump of 129 notches in the "building permit" still late, 66 in the "cross-border trade" and 19 in the "start-up of a company".

In the latest World Bank report on ease of doing business, which captured the performance of 190 countries, India shot up 23 notches to 77th. The country registered an improvement in six of the ten parameters, after having recorded a jump of 129 notches in the "building permit" still late, 66 in the "cross-border trade" and 19 in the "start-up of a company".
The country under the current NDA government has grown from the 142nd in the World Bank's 2015 report (reflecting reforms undertaken until May 2014) to 77 today. In the past two years alone, India has gained 53 places – the highest of any country.
India's position, however, deteriorated somewhat in the latest "tax payment" and "insolvency resolution" rankings – two parameters in which an improvement was expected after GST and code deployment. insolvency and bankruptcy.

Finance Minister Arun Jaitley said serious problems following the introduction of the GST in July 2017 may have caused the slight loss of rank. However, with the consolidation of the GST and CIB, Jaitley hoped that ranks would improve significantly in next year's report. While the investigation deadline for nine of the ten parameters of the last ranking was May 2018, it was set for December 2017 for the payment of taxes, while the GST was stabilizing.
Mr Jaitley also said that, as many reforms are underway in some critical parameters where India's rank is far from satisfactory in the past – such as compliance with contracts, the registration of properties, the creation of a business – the country has a "huge potential" to break through among the top 50 nations in the coming years, as targeted by the Prime Minister Narendra Modi.
The Minister of Trade and Industry, Suresh Prabhu, said that the Department of Industrial Policy and Promotion (DIPP) would intensify its efforts to improve the ease of doing business, even at the district level.

In regards to insolvency, the resolution of some of the big cases, including Bhushan Steel, has increased the chances of getting a much better performance next year.
Jaitley stated that commercial courts had been set up and that non-judicial arbitration interventions were being put in place to improve the situation. performance.
The World Bank does not use notifications of government reform measures, but takes into account the perception of reforms by private sector users, including in Delhi and Mumbai.
The ranking in "electricity", the most successful in recent years, rose from 29th to 24th place. However, the biggest disappointment this year has been a 12-notch drop in "property registration". By obtaining credit, the country climbed 7 places to 22nd position. In "the protection of minority investors", the position, while remaining among the best in the world, fell 3 notches to 4th place.
Taking into account the marked improvement in the "building permit", the World Bank said that the cost of carrying out all the construction procedures of a warehouse had been reduced to 23.2% from 23 , 2% to 5.4% of the value of the warehouse. reduced to 95 days over 144 days.