Ease of doing business: India’s brush with reality4 min read . Updated: 28 Oct 2016, 04:36 AM IST
The rankings' limitations don't change the fact that Modi's reforms have some distance to go
Reading the World Bank’s much awaited “Doing Business 2017" report from India’s perspective can be a disorienting exercise. The report is fulsome in its praise of various reforms undertaken by the Narendra Modi government. It recognizes reforms under four of the 10 headers—a press release by the ministry of commerce and industry said this is the highest number achieved yet by India—it ranks all economies on. The “distance to frontier" (DTF) score—used by the World Bank to measure the distance between each economy and the best performance in that category—has improved for seven of those 10 headers. The report especially lauds India for achieving significant reductions in time and cost to provide electricity connections to businesses. But for all of this, India has moved up just one notch—from 131 to 130—in the overall rankings.