India’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news. Which of the following has declared that ranking?
- A. Organization for Economic Cooperation and Development (OECD)
- B. World Economic Forum
- C. World Bank
- D. World Trade Organization (WTO)
Answer: C
Explanation
World bank’s Ease of doing business report, India’s position has improved from 142 to 130. This is on account of ease of starting a business, dealing with construction permit and getting electricity permits. Now, companies can get connected to the grid and get on with their business, 14 days sooner than before. The number of days it takes to start a new business has gone up marginally from last year, from 28.4 to 29 Credit is one area where India performs poorly and needs to improve. Access to credit and ease of paying taxes has worsened, according to the World Bank’s Doing Business Report 2016.