ISAS Briefs

The World Bank has, in its 2018 report on ‘Doing Business’, lauded the efforts of the Indian government at undertaking reforms which have vastly helped improve the business environment in India, in terms of 10 parameters which constitute the indices for the bank’s survey. Though the improvement is not uniform in regard to all the 10 parameters, the apparently systematic and resolute manner in which the government is making efforts does indicate that India’s objective of making it to the top 50 countries could be achieved soon. The World Bank’s latest ranking is a major breakthrough for India as an attractive investment destination, this will also help restore the confidence of entrepreneurs in the administration after its recent initiatives like demonetisation and Goods and Services Tax had caused some dislocation in the small businesses sector.