India’s rank unchanged in World Bank Doing Business 2017 report | Current Affairs, Current Affairs 2017

India’s rank unchanged in World Bank Doing Business 2017 report

Posted by

India's rank unchanged in World Bank Doing Business 2017 reportIndia’s rank remained unchanged vis-a-vis last year’s original ranking of 130 among the 190 economies assessed on various parameters in the World Bank’s Doing Business 2017 report released.

With last year’s ranking, however, being revised to 131, India has, effectively, improved its place by one spot for 2017.

India, thus, continues to rank 130th, recording little or no improvement in dealing with construction permits, getting credit, among other parameters.

Reacting to the latest report, the Indian government expressed disappointment, saying the World Bank had not taken into consideration 12 key reforms undertaken by India.

“We will continue engagement with the World Bank and address their concerns to include these reforms in the next year’s Doing Business report,” Secretary Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek told reporters here.

He said a dozen important reforms like enactment of bankruptcy code, Goods and Services Tax (GST) and introduction of single window system for building plan approvals, among others online were not “recognised by the World Bank this year”.

Noting that the government has implemented a host of reforms over the past two years to make it easier for businesses to start, operate and exit, DIPP said in a statement here that “it is therefore disappointing that these achievements are not covered by the report due to methodological issues”.

Leave a Reply

Your email address will not be published. Required fields are marked *

*