Ease of Doing Business Index 2017

India Got 130th Place in Ease of Doing Business Report:

ease-doing-business

The Ease of Doing Business Index is an index created by the World Bank Group.Higher rankings indicate better, usually simpler, regulations for businesses and stronger protections of property rights. It was started in the year 2004.

Empirical research funded by the World Bank to justify their work show that the economic growth impact of improving these regulations is strong.

The ease of doing business index is meant to measure regulations directly affecting businesses and does not directly measure more general conditions such as a nation’s proximity to large markets, quality of infrastructure, inflation, or crime.

The index is based on the study of laws and regulations, with the input and verification by more than 9,600 government officials, lawyers, business consultants, accountants and other professionals in 185 economies who routinely advise on or administer legal and regulatory requirements.

Top 10 Countries in Ease of Doing Business Index 2017:

Rank Country
1 New Zealand
2 Singapore
3 Denmark
4 Hong Kong
5 South Korea
6 Norway
7 UK
8 US
9 Sweden
10 Macedonia

India has been placed at 130th position among the 190 countries.

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