5 HIGHLIGHTS FROM WORLD BANK'S DOING BUSINESS 2O19 REPORT
1IMPROVEMENT OVER THE LAST TWO YEARS

In the World Bank’s Doing Business 2019 Report, India has yet again made significant strides. It made a jump of 23 places to reach 77th rank among 190 economies in 2018. India’s jump of 23 places in 2018, along with 30 place jump in 2017, makes it even more significant. A rare feat for any large country, India is the best-ranked country from South Asian region.1

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2SIGNIFICANT JUMPS OVER THE LAST 4 YEARS

The World Bank recognized India as one of the top 10 improvers in 2018, for the 2nd year in a row.1 India has improved by 53 positions between 2016 to 2018, and 65 positions between 2014 to 2018. India is 1st among the South Asian and BRICS nation to have achieved this.2

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3KEY INDICATORS WHERE INDIA IMPROVED ITS RANK THIS YEAR

India improved its rank in 6 of the 10 indicators measured by the World Bank. The two most significant improvements were those in Construction Permits and Trading Across Borders. In Construction Permits, India jumped 129 spots to rank 52, and for Trading Across Borders, India jumped 66 spots to rank 80. Other indicators where India gained ground are Starting a Business, Getting Credit, Getting Electricity, and Enforcing Contracts.1

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4IMPROVEMENT IN TRADING ACROSS BORDERS & IMPROVEMENT IN DEALING WITH CONSTRUCTION PERMITS

India streamlined the process of obtaining a Building Permit and made it faster and less expensive to obtain Construction Permits. India also reduced the time and cost to export and import through various initiatives. This included implementation of electronic sealing of containers, upgrading of port infrastructure and allowing electronic submission of supporting documents with digital signatures.1

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5IMPROVEMENT IN DISTANCE TO FRONTIER SCORE OVER THE YEARS

India’s consistent improvement over the years validates continued and relentless drive of the government to push reforms to improve the business climate. India’s Distance To Frontier (DTF) score, a measure to how close a country is to global best practices, has improved consistently since 2014. India’ DTF score, which is called Ease of Doing Business score, improved from 53.97 in 2014 to 67.23 in 2018.1,2

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