The Doing Business 2019 report and rankings are out and India has had yet another spectacular rise in her performance and rankings. Here is the way to read the Doing Business 2019 Report — http://www.doingbusiness.org/en/doingbusiness

It has been a spectacular ride for India over the last two years. For a second year in a row, India remains a top upward mover in the popular “Doing Business Rankings” published by the World Bank. We are also the only country to be on the top 10 improvers for the year, for a second consecutive time. See the move in ranks over the past 3 years:

India’s Rank in 2017 – 130

India’s Rank in 2018 – 100

India’s Rank in 2019 – 77

A brief overview of India’s profile as per the report: http://www.doingbusiness.org/en/data/exploreeconomies/india

While we are doing well on the overall “ease of doing business” ranking and scores, there are places where we need significant changes and improvement, especially for creating a flourishing entrepreneurial ecosystem:

We are still ranked 137 in starting a business (not great news for entrepreneurs)
We are still ranked 166 in registering a property
We are still ranked 121 in paying taxes
We are still ranked 163 in enforcing contracts
We are still ranked 108 in resolving insolvency (again, not great news for entrepreneurs)

If all of us put our minds and hearts together we can address these specific areas of weakness and move up even further in the rankings. Exciting times, to say the least! With all the complexities and challenges, it is still getting better to be an entrepreneur in India.

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