WHAT CHANGES HELPED INDIA LEAP AHEAD

Starting a business

Cut or simplified post-registration procedures such as tax registration, social security registration, licensing. Introduced/ improved online procedures

Construction permits

Reduced time for processing permit applications

Improved or introduced electronic platforms or online services

Strengthening rights of borrowers, lenders

Granted absolute priority to secured creditors or allowed out-of-court settlement.

Granted exemptions to secured creditors from automatic stay in insolvency cases

Strengthening minority investor protections

Increased disclosure requirements for related-party transactions

Increased director liability

Making it easier to pay taxes

Simplified tax compliance processes or decreased number of tax filings or payments

Making it easier to trade across borders

Strengthened transport or port infrastructure for exports Facilitated customs administration for exports and imports

Making it easier to enforce contracts

Introduced or expanded the electronic case management system

Making it easier to resolve insolvency

Improved the likelihood of successful reorganization Introduced a new restructuring procedure Regulated the profession of insolvency administrators

Changing labour legislation

Reformed legislation regulating worker protection and social benefits