IMF welcomes RBI decision to hike interest rates, terms it as an appropriate step

India jumps to 100th spot on World Bank’s Ease of Doing Business list

India News

India jumped into 100th place on the World Bank’s ranking of countries by Ease of Doing Business for the first time in its report for 2018, up about 30 places, driven by reforms in access to credit, power supplies and protection of minority investors. he World Bank’s ‘Doing Business 2018: Reforming to Create Jobs’ report, released on Tuesday, showed India’s rank in ease of doing business jumped 30 places to 100 among 190 countries. India’s rank was 130 a year ago. India has also been adjudged the fifth best-performing nation globally in reforming the business environment. The country improved its rankings in six of the 10 sub-categories used by the World Bank to judge the climate of business. The report, based on data from the capital New Delhi and the financial hub of Mumbai, ranked India among the top 10 “improvers” globally, having done better in eight out of 10 business indicators.