1. Dealing with construction permits
1
1. Dealing with construction permits
  • The introduction of online single window has reduced the number of procedures as well as the time required to obtain a construction permit. This streamlined process has contributed significantly to this unprecedented jump in overall rankings.
2. Resolving Insolvency
1
2. Resolving Insolvency
  • The Insolvency and Bankruptcy Code, 2016—the landmark reform that helps dissolve businesses without much complication—has been an instrumental contribution in building a conducive business climate.
3. Getting Credit
1
3. Getting Credit
  • This is one of the three indicators in which India figures among the top 50 economies, registering a rank of 29. This is primarily due to strengthening of legal rights of borrowers and lenders with respect to secured transactions.
4. Protecting Minority Investors
1
4. Protecting Minority Investors
  • Now the 4th best country in the world in terms of protecting minority investors, India registered a jump of 9 places from 13th in 2016. The initiatives taken by SEBI include rationalisation of knowing your customer (KYC) norms, increasing the number of arbitration centers and simplifying foreign portfolio investor (FPI) norms for investing in the debt market.
5. Getting Electricity
1
5. Getting Electricity
  • The time required for obtaining an electricity connection has been reduced from 106 days to 46 days. The improved ranking can also be attributed to a reduction in number and duration of power outages.
6. Paying Taxes
1
6. Paying Taxes
  • Most tax-related processes have been simplified as well as digitized. India registered the highest improvement across all World Bank Doing Business parameters in Paying Taxes, registering a 53 spot jump from rank 172 to 119.