In the latest Doing Business Report (DBR, 2019) by the World Bank, India has recorded a jump of 23 positions against its rank of 100 in 2017 as it reaches 77th position, among 190 countries assessed by the World Bank. Last year, India jumped 30 places ahead and has recorded jump of 65 positions in last four years. The World Bank report noted that India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices (Distance to Frontier score) on 7 out of the 10 indicators. But, the most dramatic improvements have been registered in the indicators related to ‘Construction Permits’ and ‘Trading Across Borders’. The World Bank has recognised India as one of the top improvers for the year. Going forward, India is been taking up the challenge of keeping up with the global trends be it in business scenario or innovation.

(Inc42)