=========================================================
Ease of Doing Business
>by World bank
>India improved ranking= 77(2019) from 130 [total countries=190]
>BRICS= B=109; S=82; C=46
Why rank improved?
>Indicators for calculation of EDB:
Why No significant surge in FDI?
>Ease of Doing Business does not consider = Propriety and Partnership.
>>Propriety = no share...akela maalik hai...and most of the small business in India is Propriety and partnership type.
>Ease of Doing Business observed only= Delhi and Mumbai....which are already saturated
>others= Highlighted in red ↑..in above indicators.
> Index of Economic Freedom= india got 129 rank out of 180 countries
==this rank unlike "World banks ease of doing business" can't be influenced by cosmetic change in few laws.
The government has flaunted its performance in the World Bank’s ‘Ease of Doing Business’ ranking to prove its commitment to reforming the economy.
But India’s performance in the ‘Index of Economic Freedom’ (Released by Heritage foundation) ranking (129 out of 180 countries),
which cannot be easily influenced by cosmetic changes to a few laws and "Global Economic Freedom Index" (Released by Fraser Institute) also ranks India low., should be of concern.
The ranking, which measures the degree to which an economy is market-oriented, also classifies India as a “mostly unfree” economy
Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme.....will create Plug and play infrastructure= jaha sara paper work or licesne pehle se clear hoga....auction ke baad sidha business karna hai
Ease of Doing Business
>by World bank
>India improved ranking= 77(2019) from 130 [total countries=190]
>BRICS= B=109; S=82; C=46
Why rank improved?
>Indicators for calculation of EDB:
- Starting a Business,
- Dealing with Construction permits,= improved significantly
- Electricity availability,
- Property registration,= Takes 69 days to register a piece of property in India || while in Neazealand it is done in 1 day.
- Credit availability,
- Protecting minority Investors,
- Paying Taxes, =Indian business makes 13 tax payment in a year || while Honkong just 3 paement per year...reducing efforts
- Trading across borders,= improved significantly
- Contracts enforcement, and = no significant improvement--still a challenge @ Redtapping
- Resolving Insolvency.
Why No significant surge in FDI?
>Ease of Doing Business does not consider = Propriety and Partnership.
>>Propriety = no share...akela maalik hai...and most of the small business in India is Propriety and partnership type.
>Ease of Doing Business observed only= Delhi and Mumbai....which are already saturated
>others= Highlighted in red ↑..in above indicators.
> Index of Economic Freedom= india got 129 rank out of 180 countries
==this rank unlike "World banks ease of doing business" can't be influenced by cosmetic change in few laws.
The government has flaunted its performance in the World Bank’s ‘Ease of Doing Business’ ranking to prove its commitment to reforming the economy.
But India’s performance in the ‘Index of Economic Freedom’ (Released by Heritage foundation) ranking (129 out of 180 countries),
which cannot be easily influenced by cosmetic changes to a few laws and "Global Economic Freedom Index" (Released by Fraser Institute) also ranks India low., should be of concern.
The ranking, which measures the degree to which an economy is market-oriented, also classifies India as a “mostly unfree” economy
Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme.....will create Plug and play infrastructure= jaha sara paper work or licesne pehle se clear hoga....auction ke baad sidha business karna hai
Comments
Post a Comment