The World Bank ranks economies based on their ease of doing business. The rankings are determined by 10 factors which are: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. All the parameters used by the World Bank are related to civic, infrastructure and social development.
Ludhiana ranked first in the index followed by Hyderabad, Bhubaneshwar, Gurgaon and Ahmedabad being placed 2nd, 3rd, 4th and 5th. Delhi is at 6th place while Mumbai is all the way down to 10th spot.
This clearly shows that our metro cities have reached the plateau. Tier 2 and tier 3 cities have outperformed them in terms of ease of doing business.
While Delhi ranked 1st for starting a business, city definitely needs to improve the score for trading across borders and enforcing contracts.
Mumbai on the other hand looks worse on all the parameters. This shows there is a lot of improvement needed in the way Mumbai’s civic and infrastructure regularization body works.
This index is not calculated just for cities but also for the countries. New Zealand ranked first followed by Singapore and Denmark. So where does India stands? India is at 100th place below Bhutan which ranked 75th.
India was ranked 130 in 2016 while Pakistan was at 138. This year Pakistan slipped to 147th on the index. We can be proud of ourselves that we are way ahead of our troubled neighbor 😉
Looks like reforms taken by Indian government have helped us raise the ladder. Three cheers to make in India and start up India initiatives.
source – http://www.doingbusiness.org/rankings