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A leap in EODB ranking: DIPP officials do it again

By Indian Mandarins- 01 Nov 2018
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The task of improving India's rank in the World Bank list of countries that facilitate ease in doing business, set by Prime Minister Narendra Modi immediately after coming to power in 2014, continues to be implemented with rigour and precision. Executed initially by earlier DIPP Secretary Amitabh Kant (Retd IAS:1980:KL) and his team of officers that set the pace for efforts to improve India's rank, Kant's successor Ramesh Abhishek (IAS:1982:BH) and his team have ensured a leap in this regard.

It may be mentioned that Additional Secretary Shailendra Singh (IAS:1988:MP) and Joint Secretary Ravinder (IAS:1999:UP) got the PM award for their contribution after India improved its rank from 130th to 100th last year. Ravinder looks after Ease of Doing Business (EODB) and reforms pertaining to WB ranking of countries.

In 2018 WB report, India further jumped 23 slots and came 77th among 190 countries assessed by the World Bank. India's leap of 23 ranks in the Ease of Doing Business (EODB) ranking is significant considering that last year India had improved its rank by 30 places, a rare feat for any large country of the size of India. As a result of continued efforts by the Government, India has improved its rank by 53 positions in the last two years and 65 positions in the last four years (2014-18).

 The Doing Business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle. The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of an economy to the global best practice. This year, India’s DTF score improved to 67.23 from 60.76 in the previous year.

"Today, India’s stands at 77 in WB Doing Business 2019. In 3 years, we have improved our ranking by 65 points - no country of India’s size and complexity has achieved this. Demonstrates that in India, transformative changes are possible if we put our minds to it," says Amitabh Kant, CEO of NITI Aayog and former Secretary of Department of Industrial Policy & Promotion.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.