EASE OF DOING BUSINESS AND INDIA: IMPROVEMENT AND CHALLENGES

The World Bank Group created the Ease of Doing Business (EoDB) index ranking system. A regulatory framework that is very conducive to the establishment and operation of a firm is indicated by a high score for ease of doing business. The current government has made improving the EoDB their top priority. In order to create smooth processes for launching, operating, and shutting down the business, efforts are being made to implement faster processes, increased transparency, reduced transaction costs, improved digitisation, fewer discretionary processes, streamlined regulatory procedures, expedited resolution of insolvency cases, and time-bound clearances for the sector. As a result of these efforts, India's position has improved significantly from 130th in 2017 to 63rd in 2020. India has recorded great improvement in several indicators. While India's position in some indicators is still far behind. Some challenges have also been raised against the methodology of EoDB. The present paper discusses the same concern.


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