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India ranked 130 in World Bank's Ease of Doing Business

In rankings released by the World Bank on Oct. 25, India’s position in Doing Business 2017 list moved up by only one place to 130 among 190 countries. 
●    This comes as a dampener for the Narendra Modi government, which, two years ago, publicly announced an ambitious target to improve India’s rankings to within the top 50 by 2018.
●    The Doing Business report, started in 2002, reviews business regulations and their implementation across 190 countries. 
●    In the 2016 report, India’s ranking jumped 12 positions, cheering up the government.
●    This year, Asia’s third-largest economy slipped in areas such as starting a business, dealing with construction permits and protecting minority investors. 
●    Even as India suffered, despite being the world’s fastest-growing major economy, Russia, China, Singapore, South Africa, Nepal, and Brazil paced ahead in overall rankings.
 

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