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Ease of Doing Business 2020: India ascended 17 notches, ranked at 63rd position by The World Bank

The World Bank has released its 17th annual report on 'Ease of Doing Business 2020' to 'Compare Business Regulation in 190 Economies'. India has ranked at 63rd position in the said report published by The World Bank. 

Ease of Doing Business 2020: 17th Annual Report by The World Bank

Ease of Doing Business 2020: Case Studies

The Ease of Doing Business 2020 features three case studies-- business regulatory reforms such as starting a business, getting credit, paying taxes, and resolving insolvency; contracting with the government, and employing workers.

Ease of Doing Business 2020: Highlights

1- Saudi Arabia, Jordan, Togo, Bahrain, Tajikistan, Pakistan, Kuwait, China, India, and Nigeria are the economies with the most notable improvement in Ease of Doing Business 2020.

2- Only two African economies have made to top 50 in the Ease of Doing Business 2020 while no Latin American economies ranked in the said group.  

3- Saudi Arabia is the most improved economy in Ease of Doing Business 2020, with a total of eight reforms. 

Ease of Doing Business 2020: What does the data show?

1- The Ease of Doing Business 2020 data suggests that a considerable disparity persists between low- and high-income economies on the ease of starting a business.

2- To launch a company in a low-income economy, an entrepreneur typically spends around 50% of income per capita while an entrepreneur in a high-income economy spends 4.2% of income per capita. 

3- The average credit registry coverage of the adult population in low-income economies is less than 3%, compared to over 22% in high-income economies. 

4- The average time to meet tax filing obligations is higher in low-income economies (275 hours) compared to high-income economies (149 hours). 

It is to be noted that greater ease of doing business is associated with increased entrepreneurship and generates better employment opportunities, higher government tax revenues, and improved personal incomes.

Ease of Doing Business 2020: India's improvement

India has ascended 17 notches, ranking at 63rd position in the report published by The World Bank. The 'Make in India' campaign started by Prime Minister Narendra Modi focused on attracting foreign investment, boosted the private sector (especially manufacturing) and enhanced India’s overall competitiveness. 

In the year 2015, the Government of India aimed at joining the 50 top economies on the 'Ease of Doing Business' ranking by 2020. Prime Minister Modi led administration targeted all the areas measured by Doing Business, with a focus on paying taxes, trading across borders, and resolving insolvency making a substantial leap upward. The reform measures by the Central Government raised India's Ease of Doing Business ranking from 130 in 2016 to 63 in 2020.

Make in India: List of sectors, Objectives and Budget Allocation

Ease of Doing Business 2020: 12 Areas of Business Regulation

S.No. Areas What is measured?
1. Starting a Business Procedures, time, cost, and paid-in minimum capital to start a limited liability for people.
2. Dealing with Construction Permits Procedures, time, and cost, to complete all formalities to build a warehouse and quality control and safety mechanisms in the construction permitting system. 
3. Getting Electricity Procedures, time, and cost, to get connected to the electrical grid; the reliability of the electrical supply; and the transparency of tariffs. 
4. Registring Property Procedures, time, and cost, to transfer a property and the quality of the land administration system for people.
5. Getting Credit Moveable collateral laws and credit information systems. 
6. Protecting Minority Investors Minority shareholder's rights in related-party transactions and in corporate governance. 
7. Paying Taxes Payments, time, total tax and contribution rate for a firm to comply with all tax regulations as well as post filling process. 
8. Trading Across Borders Time and cost to export the product of comparative advantage and to import auto parts. 
9. Enforcing Contracts Time and cost to resolve a commercial dispute and the quality of the judicial process for the people. 
10. Resolving Insolvency Time, cost, outcome and recovery rate for commercial insolvency and the strength of the legal framework for insolvency. 
11. Empowering Workers Flexibility in employment regulation. 
12. Contracting with the Government Procedures and time to participate in and win a works contract through public procurement and the public procurement regulatory framework. 

Ease of Doing Business 2020: Country/Territory, ranking and Doing Business Score

Rank  Country/Territory DB Score
1 New Zeland  86.8
2 Singapore 86.2
3 Hong Kong SAR, China 85.3
4 Denmark 85.3
5 Korea, Rep. 84.0
6 United States 84.0
7 Georgia 83.7
8 United Kingdom 83.5
9 Norway 82.6
10 Sweden 82.0
11 Lithuania 81.6
12 Malaysia 81.5
13 Mauritius 81.5
14 Australia 81.2
15 Taiwan, China 80.9
16 United Arab Emirates 80.9
17 North Macedonia 80.7
18 Estonia 80.6
19 Latvia 80.3
20 Finland 80.2
21 Thailand 80.1
22 Germany 79.7
23 Canada 79.6
24 Ireland 79.6
25 Kazakhstan 79.6
26 Iceland 79.0
27 Austria 78.7
28 Russian Federation 78.2
29 Japan 78.0
30 Spain 77.9
31 China 77.9
32 France 76.8
33 Turkey 76.8
34 Azerbaijan 76.7
35 Israel 76.7
36 Switzerland 76.6
37 Slovenia 76.5
38 Rwanda 76.5
39 Portugal 76.5
40 Poland 76.4
41 Czech Republic 76.3
42 Netherlands 76.1
43 Bahrain 76.0
44 Serbia 75.7
45 Slovak Republic 75.6
46 Belgium 75.0
47 Armenia 74.5
48 Moldova 74.4
49 Belarus 74.3
50 Montenegro 73.8
51 Croatia 73.6
52 Hungary 73.4
53 Morocco 73.4
54 Cyprus 73.4
55 Romania 73.3
56 Kenya 73.2
57 Kosovo 73.2
58 Italy 72.9
59 Chile 72.6
60 Mexico 72.4
61 Bulgaria 72.0
62 Saudi Arabia 71.6
63 India 71.0
64 Ukraine 70.2
65 Puerto Rica (U.S.) 70.1
66 Brunei Darussalam 70.1
67 Colombia 70.1
68 Oman 70.0
69 Uzbekistan 69.9
70 Vietnam 69.8
71 Jamaica 69.7
72 Luxembourg 69.6
73 Indonesia 69.6
74 Costa Rica 69.2
75 Jordan 69.0
76 Peru 68.7
77 Qatar 68.7
78 Tunisia 68.7
79 Greece 68.4
80 Kyrgyz Republic 67.8
81 Mongolia 67.8
82 Albania 67.7
83 Kuwait 67.4
84 South Africa 67.0
85 Zambia 66.9
86 Panama 66.6
87 Botswana 66.2
88 Malta 66.1
89 Bhutan 66.0
90 Bosnia and Herzegovina 65.4
91 El Salvador 65.3
92 San Marino 64.2
93 St. Lucia 63.7
94 Nepal 63.2
95 Philippines 62.8
96 Guatemala 62.6
97 Togo 62.3
98 Samoa 62.1
99 Sri Lanka 61.8
100 Seychelles 61.7
101 Uruguay 61.5
102 Fiji 61.5
103 Tonga 61.4
104 Namibia 61.4
105 Trinidad and Tobago 61.3
106 Tajikistan 61.3
107 Vanuatu 61.1
108 Pakistan 61.0
109 Malawi 60.9
110 Côte d’Ivoire 60.7
111 Dominica 60.5
112 Djibouti 60.5
113 Antigua and Barbuda 60.3
114 Egypt, Arab Rep. 60.1
115 Dominican Republic 60.0
116 Uganda 60.0
117 West Bank and Gaza 60.0
118 Ghana 60.0
119 Bahamas, The 59.9
120 Papua New Guinea 59.8
121 Eswatini 59.5
122 Lesotho 59.4
123 Senegal 59.3
124 Brazil 59.1
125 Paraguay 59.1
126 Argentina 59.0
127 Iran, Islamic Rep. 58.5
128 Barbados 57.9
129 Ecuador 57.7
130 St. Vincent and the Grenadines 57.1
131 Nigeria 56.9
132 Niger 56.8
133 Honduras 56.3
134 Guyana 55.5
135 Belize 55.5
136 Solomon Islands 55.3
137 Cabo Verde 55.0
138 Mozambique 55.0
139 St. Kitts and Nevis 54.6
140 Zimbabwe 54.5
141 Tanzania 54.5
142 Nicaragua 54.4
143 Lebanon 54.3
144 Cambodia 53.8
145 Palau 53.7
146 Grenada 53.4
147 Maldives 53.3
148 Mali 52.9
149 Benin 52.4
150 Bolivia 51.7
151 Burkina Faso 51.4
152 Mauritania 51.1
153 Marshall Islands 50.9
154 Lao PDR 50.8
155 Gambia, The 50.3
156 Guinea 49.4
157 Algeria 48.6
158 Micronesia, Fed. Sts. 48.1
159 Ethiopia 48.0
160 Comoros 47.9
161 Madagascar 47.7
162 Suriname 47.5
163 Sierra Leone 47.5
164 Kiribati 46.9
165 Myanmar 46.8
166 Burundi 46.8
167 Cameroon 46.1
168 Bangladesh 45.0
169 Gabon 45.0
170 São Tomé and Príncipe 45.0
171 Sudan 44.8
172 Iraq 44.7
173 Afghanistan 44.1
174 Guinea-Bissau 43.2
175 Liberia 43.2
176 The Syrian Arab Republic 42.0
177 Angola 41.3
178 Equitorial Guinea 41.1
179 Haiti 40.7
180 Congo, Rep. 39.5
181 Timor-Leste 39.4
182 Chad 36.9
183 Congo, Dem. Rep.  36.2
184 The Central African Republic 35.6
185 South Sudan 34.6
186 Libya 32.7
187 Yemen, Rep. 31.8
188 Venezuela, RB 30.2
189 Eritrea 21.6
190 Somalia 20.0

Other Reports

1- Freedom on the Net 2020

As per a report by Freedom House on Freedom on the Net 2020, India has ranked at 51st position. The report also labelled India’s internet as 'partly free'. 

Categories:

A. Obstacles to Access (12 points out of 25)
B. Limits on Content (21 points out of 35)
C. Violations of User Rights (18 points out of 40)

2- Global Economic Freedom Index 2020

As per a report by Fraser Institute, Canada on Global Economic Freedom Index 2020, India has ranked at 105th position. The report was released in September 2020. 

3- World Press Freedom Index 2020

As per a report by Reporters Without Borders (RSF), India ranked at 142nd position out of 180 countries/territories. The report was released in April 2020.

Source: The World Bank

Human Freedom Index 2020: India plummets 17 notches, ranked at 111th position

US Commission on International Religious Freedom Annual Report 2020: Explained

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