When asked the question, “How easy is it to do business in India,” the answer that most immediately comes to mind usually has to do with India’s ranking on the World Bank’s Ease of Doing Business Index.
It’s a ranking that placed India at 134th place in 2007, 130th in 2016 and famously, 100th in 2017. Improvements in the ranking are supposed to signify the breakdown of regulations that limit economic growth. A change in ranking – particularly the record jump that India has managed – is a sign that economic reforms are underway and that potential business should take note.
For Narendra Modi’s government, the 100th position (out of 188) represents a much-needed vindication for his many experiments in economic policy. It is also an index – capable of winning votes from a population that is increasingly questioning the business acumen of the nation’s top decision makers.
However, if the intention of the World Bank’s index is to answer the question, “how easy it is to start a business?” then one might find that little, if anything, has changed.
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