Washington, Oct 30 – India may have been ranked lower in overall ease of doing business but it is in a much better place in terms of protecting investor interest and companies getting credit for their activities, Press Trust of India (PTI) reported.
The latest ‘Ease of Doing Business’ report prepared by the International Finance Corporation and the World Bank has ranked India at 134th position among 189 economies. The country’s ranking has slipped from last year’s 131st spot.
However, when it comes to protecting investors, the country is at 34th position while it is ranked 28th in terms of getting credit.
Among other parameters, India is ranked lower at 179th spot in terms of starting a business and at 182nd position when it comes to dealing with construction permits.
Although the report documents 238 business regulatory reforms worldwide last year, no specific details about India were given.
“In 2012/13, a total of 114 economies implemented 238 regulatory reforms making it easier to do business – 18 percent more reforms than in the previous year,” the report said.
India’s distance to frontier (DTF) score also improved to 62.74 percentage from 61.67 registered last year.
The DTF measure shows the distance of each economy to the “frontier”, which represents the highest performance observed on each of the topics included in ‘Doing Business’.
-Bernama
