NEW INDIA ON THE UP
1Construction Permits Rank 52 (up from 189)

Construction Permits had a key role in India’s ascent up the rankings this year. Streamlining of processes made it faster and less expensive to obtain construction permits. By introducing decennial liability and insurance, India improved build quality control as well. The total time needed for obtaining construction permits reduced from 144 to 95 days.1 The cost for completing all procedures to build a warehouse slashed from 23.4 to 5.4% of country’s per capita income.2

Sources: 12

2Trading Across Borders Rank 80 (up from 146)

Trading Across Borders was the second most dominant factor which made India jump 23 positions in 2018.3 Significant reduction in time and cost to trade led to a 66 place jump in this indicator.4 Regular training was provided to both custom officials and private sector agents.4 Inspections became transparent and less frequent with the introduction of a robust risk management system.5 Other reforms included electronic filing of documents for traders and introduction of electronic self-sealing container at factory.6

Sources: 3456

3Starting a Business Rank 137 (up from 156)

A jump of 19 places in this indicator is attributed to the reduction in time and procedures. Registration for multiple taxes was reduced to one - all taxes merged into a single Goods and Services Tax (GST).7 Multiple forms were integrated to a single form (SPICe) for incorporating a company.8 Apart from this, Mumbai also eliminated the requirement of site inspection for the grant of Registration under Shops & Establishment Act.9

Sources: 789

4Getting Credit Rank 22 (up from 29)

Insolvency law was amended to give secured creditors absolute priority over other claims in insolvency proceedings.10 It further strengthened access to credit and improved strength of legal rights index from 8 to 9.11 Getting Credit indicator has improved from 36 in 2014 to 22 in 2018.12

Sources: 101112

5Getting Electricity Rank 24 (up from 29)

Since 2014, this indicator has jumped 113 positions because of the various reforms undertaken. In continuation of ongoing reforms in this indicator, procedures were reduced from 5 to 3 in Delhi and 5 to 4 in Mumbai.13 In Delhi, getting electricity was made cheaper and faster. Cost for low voltage connections reduced by more than 30 percent, while the time needed was reduced from 39 days to 31 days.14

Sources: 1314