India’s rank in World Bank Doing Business 2017 Report
Q. India’s rank improved in which of the following areas of the World Bank Doing Business 2017 Report?
1) Starting a Business
2) Getting Electricity
3) Trading Across Borders- Published on 28 Oct 16a. 1, 3
b. 1, 2
c. 2, 3
d. All of the above
ANSWER: 2, 3
- The World Bank’s annual Doing Business 2017 report recognizes India’s achievements in implementing reforms in four of its ten indicators – Trading Across Borders, Getting Electricity, Enforcing Contracts and Paying Taxes.
- This is the first time in its history that India has been recognized for improvement in four indicators.
- The Doing Business report ranks countries on the basis of Distance to Frontier, an absolute score that measures the gap between India and the global best practice.
- India’s absolute score improved from 53.93 to 55.27 in the previous year. This is the first time in history that India has improved its absolute score in two consecutive years.
- Additionally, India’s Distance to Frontier score improved on 6 out of the 10 indicators, showing that India is increasingly progressing towards best practice.
- The World Bank acknowledges only such reforms which have been implemented in Mumbai and Delhi by 1st of June each year; if they are reported as implemented by business intermediaries.
