What does ease of doing business mean?
The most recent report on the ease of doing business authored by the world bank sees India up by 23 positions. Which means it’s now ranked at 77. Just what does this mean?
The Ease of doing business is an index created by the world bank which ranks the world economies. Without going into technical details about the methodology used, it is necessary to know that a higher ranking means simpler regulations for businesses to operate.Furthermore, a nationâs ranking depends on 10 parameters. These are( Indian ranking for 2019 in parentheses):