MFPandit

India’s ranking in the World Bank ease of doing business survey for 2019 climbed 23 notches to 77th position among 190 countries surveyed as with six regulatory reforms, it became the only country among the top-ten improvers for the second consecutive year.

Last year, India saw a record jump of 30 places to reach 100th position in the ranking.

The jump in doing business rankings will surely burnish the reformist credentials of the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) and help him build a positive narrative ahead of the assembly and national elections in the next six months.

“The reforms in India included streamlining the process of obtaining a building permit and improved building quality controls. Starting a business was made easier through consolidation of multiple application forms and introduction of a goods and services tax (GST), while getting electricity was made faster and cheaper. Other reforms in India included strengthening access to credit as well as making it easier and faster to pay taxes and trade across borders,” the World Bank said.

Ease of Doing Business 2019: India jumps 23 spots to 77th rank in World Bank's latest report The report also recognises India as one of the top 10 improvers in this year’s assessment, for the second successive time. India is the only large country this year to have achieved such a significant shift.

When you press the tissue paper hard on Tikki, Pakodas or Parathas, the only thing you reduce is your guilt and not the fat.

Similarly, when you watch the portfolio daily, the only thing that reduces is your valuable time, and not the risk. Wealth creation happens over time.

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