Ease of doing business ranking: India cites reforms to get top-50 spot

Over the last few years, India has registered a steady improvement in Ease Of Doing Business across indicators

After rising 23 places to attain the rank of 77 in World Bank’s Doing Business Report last year, India is now aiming higher and eyeing a spot in the top-50 list in this year’s report. To that end, it has cited at least 35 new reforms implemented in the last 12 months which have significantly cut cost, time, documentation and procedures for the conduct of business in the country.
 
The reforms include an easier procedure for filing Goods and Services Tax (GST) returns, the elimination of incorporation fees for small businesses, increase in the recovery rate under the Insolvency