India has jumped on Ease of Doing Business rankings with sustained reform focus. It has moved 30 ranks ahead, to the 100th spot. Here are some of the factors on how India achieved this.
India for the first time moved into the top 100 in the World Bank’s Ease of Doing Business global rankings on the back of sustained business reforms over the past several years. This was announced by the World Bank Group’s latest Doing Business 2018: Reforming to Create Jobs report. Last year the report had ranked India at 130. Below are the factors that contributed to the boost.
Starting a business: India made starting a business faster by merging the applications for the Permanent Account Number (PAN) and the Tax Account Number (TAN) and by improving the online application system. Mumbai also made starting a business faster by merging the applications for value added tax and the Profession Tax (PT).
This story is from the November 2017 edition of The Machinist.
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This story is from the November 2017 edition of The Machinist.
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