India’s Ease of Doing Business Rank Improves
The World Bank has recently released a list of the 20 economies that have improved the most in three or more of the ten regulatory areas considered for their ease of doing business score. The report has found out that India has improved the most in four areas: obtaining construction permits, starting a business, the ease of importing and exporting and resolving insolvency.
“Authorities in Mumbai and New Delhi made it easier to obtain construction permits by allowing the submission of labor inspector commencement and completion notifications through a single-window clearance system. Starting a business is less costly thanks to abolished filing fees for the SPICe company incorporation form, electronic memorandum of association and articles of association. Exporting and importing is also easier following the integration of several government agencies into an online system and the upgrading of port equipment and infrastructure.”