{"id":1862,"date":"2024-03-30T00:50:35","date_gmt":"2024-03-29T19:20:35","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1862"},"modified":"2024-04-03T07:09:41","modified_gmt":"2024-04-03T01:39:41","slug":"q-indias-ranking-in-the-ease-of-doing-business-index-is-sometimes-seen-in-the-news-which-of-the-following-has-declared-that-ranking","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-indias-ranking-in-the-ease-of-doing-business-index-is-sometimes-seen-in-the-news-which-of-the-following-has-declared-that-ranking","title":{"rendered":"Q.\u00a0India\u2019s ranking in the \u2018Ease of Doing Business Index\u2019 is sometimes seen in the news. Which of the following has declared that ranking?"},"content":{"rendered":"\n<ul class=\"mcq wp-block-list\">\n<li>Organization for Economic Cooperation and Development (OECD)<\/li>\n\n\n\n<li>World Economic Forum<\/li>\n\n\n\n<li>World Bank<\/li>\n\n\n\n<li>World Trade Organization (WTO)<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer:<\/strong>&nbsp;<strong>(c) World Bank<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"notes\">Notes:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Ease of Doing Business Rank (EODB) is a&nbsp;<strong>measure of an economy\u2019s position to the best regulatory practices.<\/strong>&nbsp;Though&nbsp;<strong><a href=\"https:\/\/lotusarise.com\/world-bank-group-upsc\/\">World Bank<\/a>&nbsp;used to publish the \u2018Doing Business\u2019<\/strong>&nbsp;reports from 2003, the ranking of economies started only from 2006.<\/li>\n\n\n\n<li>The EODB study tries to&nbsp;<strong>capture the experience of small and mid-sized companies in a country with their regulators, by measuring the time, costs and red tape they deal with<\/strong>.<\/li>\n\n\n\n<li>The goal of the World Bank in coming up with Doing Business score every year is to provide an objective basis for understanding and improving the regulatory environment for business around the world.<\/li>\n\n\n\n<li><strong>The Ease of Doing Business Rank is based on 10 parameters relating to starting and doing business in a country \u2013<\/strong>\n<ol class=\"wp-block-list\">\n<li>Ease of starting a business.<\/li>\n\n\n\n<li>Dealing with construction permits.<\/li>\n\n\n\n<li>Getting electricity for the same.<\/li>\n\n\n\n<li>Registering your property.<\/li>\n\n\n\n<li>Getting credit for your business.<\/li>\n\n\n\n<li>Protecting minority investors.<\/li>\n\n\n\n<li>Paying taxes.<\/li>\n\n\n\n<li>Trading across borders.<\/li>\n\n\n\n<li>Enforcing contracts.<\/li>\n\n\n\n<li>Resolving insolvency.<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>It ranks countries on the basis of\u00a0<strong>Distance to Frontier (DTF) score<\/strong>\u00a0that highlights the gap of an economy with respect to the global best practice.\n<ul class=\"wp-block-list\">\n<li>For example, a score of&nbsp;<strong>75 means an economy was 25 percentage points away<\/strong>&nbsp;from the frontier constructed from the best performances across all economies and across time.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>India\u2019s Performance:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Notably, in three reports, released in 2017, 2018 and 2019, India ranked among the top 10 economies showing\u00a0<strong>\u201cthe most notable improvement\u201d.<\/strong>\n<ul class=\"wp-block-list\">\n<li>Of the 79 positions in the Bank\u2019s Doing Business rankings that India gained between 2014 and 2019, 67 rank improvements happened 2017 onwards, with the biggest 30-rank jump happening in the Doing Business 2018 report, released in October 2017.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The<strong>&nbsp;latest report<\/strong>, published in\u00a0<strong>October 2019,&nbsp;placed India at 63<sup>rd<\/sup>&nbsp;in Doing Business, compared with 77<sup>th<\/sup>&nbsp;in 2018<\/strong>\u00a0and 100 in 2017.\n<ul class=\"wp-block-list\">\n<li>India, along with other top improvers, had implemented 59 regulatory reforms in 2018-19, accounting for a fifth of all reforms recorded worldwide.<\/li>\n\n\n\n<li>During 2018-19, India had implemented reforms across parameters such as \u2018starting a business\u2019, \u2018dealing with construction permits\u2019, \u2018trading across borders\u2019, and \u2018resolving insolvency\u2019. The government\u2019s goal was to be among the top 50 economies by 2020.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The&nbsp;<strong>scores for India used to be based on coverage of just two cities,<\/strong>&nbsp;with&nbsp;<strong>Mumbai&nbsp;<\/strong>carrying a weight of 47% and&nbsp;<strong>Delhi&nbsp;<\/strong>a weight of 53%.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The\u00a0<strong><a href=\"https:\/\/lotusarise.com\/world-bank-group-upsc\/\">World Bank<\/a>&nbsp;would discontinue the practice of issuing \u2018Doing Business report\u2019&nbsp;<\/strong>following an investigation reported \u201cdata irregularities\u201d in its 2018 and 2020 editions (released in 2017 and 2019, respectively) and possible \u201cethical matters\u201d involving bank staff.\n<ul class=\"wp-block-list\">\n<li>It will be working on a new approach to assessing the business and investment climate.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Answer:&nbsp;(c) World Bank Notes:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[57],"class_list":["post-1862","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-57"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":57,"label":"2016"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1862"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1862\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1862"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}