Ease of doing business in India!
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03:42
The ease of doing business index is an index which is created by the World Bank Group.A low numeric value that means high ranking which means better and simpler regulations for business and stronger protection of property rights.According to the World Bank, India registers its highest ever increase in ease of doing business.Currently, India is in 100th position with ease of doing business after jumping 30 places which is the best ranking ever.PM Modi who wants our country on top 50 called the achievement 'historic'.By this India is closing the gap with China but still, it is far away from world's topmost economies.The World Bank provides these rankings based on the ten parameters: Starting a business, Dealing with construction permits, Getting electricity, Registering property, Getting credits, Protecting investors, Paying taxes, Enforcing contracts, Trading across borders and Resolving failures.Each one among these is given equal priority.
There is a huge increase in start-up businesses these days which we do not get to see earlier.According to NASSCOM report, India is the home for 3100 startups each year and it is being said that if such growth continues with same peace India will create more than 2 lakh job opportunities in the coming five years.
There is a huge increase in start-up businesses these days which we do not get to see earlier.According to NASSCOM report, India is the home for 3100 startups each year and it is being said that if such growth continues with same peace India will create more than 2 lakh job opportunities in the coming five years.