WB EASE OF BUSINESS REPORT INCORRECT

The World Bank’s findings on ease of doing business contain anomalies and do not truly reflect the reforms undertaken by India so far, especially with respect to taxes, says a commerce ministry official.

These issues were flagged at a meeting with a visiting World Bank team here.

In its ‘Doing Business’ 2017 report, the World Bank ranks countries on 10 parameters including paying taxes, starting business and trading across borders.

On ‘paying taxes’ indicator, India was placed quite low at 172nd position out of 190 nations.

The economic pole of global growth has moved over the past few years from China to India, where it is likely to stay over the coming decade HARVARD UNIVERSITY