India ranks 1st among South Asian countries in Ease of Doing Business

India is now at 77 on the World Bank’s ease of doing business climbing 23 places

"This year, Doing Business captured a record 107 reforms across 40 economies in Sub-Saharan Africa, and the region's private sector is feeling the impact of these improvements", it says.

Turkey ranked 43rd in the World Bank's Ease of Doing Business list for 2019, climbing 17 places compared to the previous year.

The Turkish government implemented seven reforms making it easier to do business, only one short of Azerbaijan's eight - a record number globally and among the 10 top improvers, the report said. The most dramatic improvements, however, were registered in indicators related to construction permits and trading across borders. India scored 137 in the starting a business category, 52 in dealing with construction permits, 24 in securing access to electricity, 166 in registering property, 22 in getting credit and 7 in protecting minority investors.

Briefing the media on the report, Executive Director Board of Investment, Fareena Mazhar explained that in addition to introduction of reforms, other positive data corrections also contributed to the unprecedented improvement in ranking of Pakistan.

In the "Doing Business" 2019 report, the World Bank has said India improved on six of the 10 parameters relating to starting and doing business in a country.

All four economies improved in the area of getting electricity and passed reforms simplifying the process of trading across borders, it said.

The minister also highlighted that the cost of starting a business in Rwanda has reduced from 317 per cent of GDP per capita in 2005 to less than 15 per cent in 2018.




Mr Prabhu said, government has taken several initiatives to improve Ease Of Doing Business in the districts which has led to overall improvement at the national level.

Zimbabwe is ranked among countries that managed to reduce regulatory complexity and cost or strengthened legal institutions in 2017 /18.

"It costs 25 percent of the income per capita to start a business in Kenya which is nearly ten times more expensive than in cote d'voire and the process takes 23 days compared to just four days in Rwanda", the report states.

"We will continue to oversee and be responsible for ensuring that efforts to improve ease of doing business are implemented rapidly so that public services can increase convenience for doing business and help enhance people's lives", he said.

Also, "India made paying taxes easier by replacing many indirect taxes with a single indirect tax, the GST, for the entire country".

And, importing and exporting was made more efficient for a third consecutive year. This year, the region hosts an economy in the global top 20 grouping, with the United Arab Emirates' maiden entry in 11place and one top improver, Djibouti.

The country, however, ranked poorly in construction permitting due to the long, tedious process to get approvals. China has carried out massive reforms and where it outshone India is the key area of registering property.

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