Business Today - - THE BUZZ - Joe C. Mathew

IN­DIA HAS MOVED up 23 po­si­tions in the an­nual Ease of Do­ing Busi­ness (EDB) rank­ing of the World Bank to be­come 77th in a list of 190 coun­tries. Re­mark­able, as it in­di­cates the im­prove­ment in a host of pa­ram­e­ters like start­ing a busi­ness, get­ting elec­tric­ity, pro­tect­ing mi­nor­ity in­ter­ests, etc, in com­par­i­son with other na­tions. The World Bank also as­signs a coun­try spe­cific EDB score (on a scale of 0 to

100), where In­dia got

67.23 points, up from

60.60 the pre­vi­ous year. This score bench­marks economies with re­spect to reg­u­la­tory best prac­tice, show­ing the ab­so­lute dis­tance to the best reg­u­la­tory per­for­mance on each Do­ing Busi­ness in­di­ca­tor. On this front, In­dia’s im­prove­ment on sev­eral pa­ram­e­ters has been min­i­mal. Reg­is­ter­ing prop­erty im­proved 0.46 points with a dis­mal score of 43.55. Re­tain­ing a score of 41.19, en­forc­ing con­tracts showed no im­prove­ment at all. The score on re­solv­ing in­sol­vency pa­ram­e­ters was 40.84 (up by 0.09 points), though it will see a ma­jor pos­i­tive change on ac­count of the In­sol­vency Act in fu­ture rank­ings. Top ranker New Zealand had an over­all score of 86.59. In­dia has a long way to go.-

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