Ease of Doing Business report 2020 (–ith respect to India):
• India has recorded an increase of 14 positions at 63rd rank against its rank of 77 last year.
• For the 3rd consecutive year, India was also amongst the top 1° improvers.
• India’s improved ranking was on the back of reforms like (a)dealing with construction permits, (b)trading across borders and (c)resolving insolvency.
• The Indian Imports and exports also became easier with the single electronic platform for trade stakeholders, among other things.
• India even saw the biggest jump in ranking in resolving insolvency category to 52nd rank from 108th.
• Although, the country still lags in areas like enforcing contracts and registering property.
• The report has said that India takes 58 days and costs on average 7.8% of a property’s value to register it, longer and at a greater cost than among OECD high-income economies.
• Further, it takes 1,445 days for a company to resolve the commercial dispute through a local first-instance court which is almost three times the average time in the OECD high-income economies.
World Bank 'Ease of Doing Business': India's Progress from 2016 ‘o 2020