Ease of Doing Business Report-2016

Economic Affairs Make in India

Released by World Bank annually.
Ranking of country in this list is based on index averages the country’s percentile rankings on 10 indicators each having equal weightage.
The 10 indicators are- business, getting electricity, dealing with construction permits, registering property, protecting investors, getting credit, employing workers, trading across borders, paying taxes, enforcing contracts and resolving insolvency.
India ranked 130 among 189 countries, an improvement of four places from its last year’s ranking of 134.
India improved the most among South Asian nations, and saw the biggest increase in its score since 2004.
The report takes into account data till June 2015 and is based on a new methodology adopted for compiling the ranks both this year and last year.
India improved its position on three counts—starting a business, getting construction permits and accessing electricity—in the latest edition of the Ease of Doing Business Index, but saw its performance worsen with regard to two parameters—accessing credit and paying taxes.
As per the report top 10 countries are Singapore (1st), New Zealand (2nd), Denmark (3rd), South Korea (4th), Hong Kong (5th), United Kingdom (6th), United States (7th), Sweden (8th), Norway (9th) and Finland (10th).
Among BIRCS Nations India ranks lowest.
BRICS nations’ ranking Russia (51), South Africa (73), China (84), Brazil (116) and India (130).

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