significant improvements have been registered in ‘Resolving Insolvency’, ‘Dealing with Construction Permits’, ‘Registering Property’, ‘trading across Boards’ and ‘Paying Taxes’ indicators.The changes in seven indicators where India improved its rank are as follows:
|3||Trading Across Borders||80||68||+12|
|7||Starting a Business||137||136||+1|
The important Features of India’s performance this year are:
- The World Bank has recognized India as one of the top 10 improvers for the third consecutive year.
- Recovery rate under resolving insolvency has improved significantly from 26.5% to 71.6%.
- The time taken for resolving insolvency has also come down significantly from 4.3 years to 1.6 years.
- India continues to maintain its first position among South Asian countries. It was 6th in 2014.
The Doing Business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle.
The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of an Economy to the global best practice.
This year, India’s DTF score improved to 71.0 from 67.23 in the previous year.