As per the World Bank report of ‘Doing business 2016’, India is ranked 130 among 189 countries in terms of Ease of Doing Business. Interestingly, India was ranked 142 in 2015 and 158 in 2014 respectively.
Considering the ranks of past two years, 130 is better one. But is 130 really a better rank? Yes, says World Bank Chief Economist and Senior Vice President Kaushik Basu.
He opined that it is a remarkable achievement on the part of India to achieve the rank considering the size of the Economy of the second most populated country. He describes it as a good sign of growth in the country.
As expected, Singapore topped the ‘Doing Business 2016’ list and it was followed by New Zealand, Denmark, South Korea, Hong Kong, Britain, US etc.
