{"id":1167,"date":"2019-11-04T13:40:34","date_gmt":"2019-11-04T08:10:34","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=1167"},"modified":"2019-11-04T13:40:34","modified_gmt":"2019-11-04T08:10:34","slug":"india-jumps-14-places-to-63-in-doing-business-2020-survey-by-world-bank","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/india-jumps-14-places-to-63-in-doing-business-2020-survey-by-world-bank\/","title":{"rendered":"India jumps 14 places to 63 in Doing Business 2020 Survey by World Bank"},"content":{"rendered":"\n

India jumped 14 places and is ranked 63 among the 190 counties in the World Bank’s Ease of Doing Business 2020 report.<\/p>\n\n\n\n

India is recognised as one of the top 10 economies that made remarkable improvements in ease of doing business. World Bank judges the economies in following 10 parameters: Starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency<\/a>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"\"
World Bank Headquarters<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

India\nperformed well in 6 parameters out of these 10 parameters, some of them are\nlisted below:<\/p>\n\n\n\n

Resolving\nInsolvency<\/h5>\n\n\n\n

India jumped from 108th<\/sup> position to 52nd<\/sup> position for implementing measures to resolve insolvency. It successfully implemented the insolvency and Bankruptcy Code, 2016 by promoting reorganizations proceedings.<\/p>\n\n\n\n

Construction Permits<\/h5>\n\n\n\n

The World Bank in its report <\/a>observed that, “Among other improvements, India made the process of obtaining a building permit more efficient. Obtaining all permits and authorizations to build a warehouse now costs 4 percent of the warehouse value, down from 5.7 percent the previous year. In addition, authorities enhanced building quality control in Delhi by strengthening professional certification requirements.”<\/p>\n\n\n\n

Implementation of efficient building permits helped India to jump to 27Th<\/sup> position from 52nd<\/sup>.<\/p>\n\n\n\n

Trading Across Borders<\/h5>\n\n\n\n

India took various measures to ease trade across the borders. It sanctioned post-clearing audits, provided a single electronic platform for trade stake holders. In addition, the country upgraded port infrastructures and improved the process of electronic submission of documents.<\/p>\n\n\n\n

Long way to go to be in Top 50<\/h5>\n\n\n\n

Simeon Djankov, Director of Development Economics at the World Bank, told PTI in an interview that India will have to take bold reforms in the coming 2-4 years to reach the target of top 50.<\/p>\n\n\n\n

The country faces challenges in providing a transparent and efficient way to register properties. It faces difficulties in implementing court operations and the application of law by multiple stake holders.<\/p>\n","protected":false},"excerpt":{"rendered":"

India jumped 14 places and is ranked 63 among the 190 counties in the World Bank’s Ease of Doing Business 2020 report. Resolving Insolvency<\/p>\n","protected":false},"author":10,"featured_media":1168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4040,3077,4038,2559,4043,4042,1449,4045,4041,4046,4047,4048,4039,4044,4037],"class_list":["post-1167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-permits","tag-ease-of-doing-business","tag-ease-of-doing-business-2020","tag-electricity","tag-enforcing-contracts","tag-getting-credit","tag-insolvency","tag-paying-taxes","tag-protecting-minority-investors","tag-registering-property","tag-resolving-insolvency","tag-simeon-djankov","tag-starting-a-business","tag-trading-across-borders","tag-world-bank"],"yoast_head":"\nIndia jumps 14 places to 63 in Doing Business 2020 Survey by World Bank<\/title>\n<meta name=\"description\" content=\"India jumped 14 places and is ranked 63 among the 190 counties in the World Bank's Ease of Doing Business 2020 report. 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