Opinion | Contracts enforcement: India’s key to perform well in Ease of Doing Business Index
- India is not considered as a preferable seat of arbitration as there have been incongruous and flawed interpretations by the judiciary when compared to the foreign jurisdictions
- There is unwarranted delay in completion of proceedings, leading to backlogs and delays of resolution of claims and cases
Ease of Doing Business is World Bank’s index of ranking various countries according to prevailing business regulations on the basis of 10 indicators. Of these pointers, ‘contract enforcement’ is one. India fared extremely well in 2019 and even jumped 14 places and was ranked 63 in the list. It did not do well in the contract enforcement indicator. India continues to struggle with this and was ranked 163rd under this head.
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