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Kaushik Basu 'switches side' on WB Doing Business report

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Press Trust of India Washington
Last Updated : Oct 29 2014 | 4:35 PM IST
The World Bank's Doing Business report, often "criticised and debated" by Indian policymakers, has got the country's former chief economic adviser Kaushik Basu as author of the latest edition wherein India's rank has incidentally fallen.
Basu, currently Senior Vice President and Chief Economist of World Bank, has himself admitted to having "used, criticised, valued and debated the Doing Business report," as an independent researcher initially and later as Chief Economic Adviser to the Indian government.
"...Unaware that I would be at the World Bank one day and hence be shifted from the side of the consumer to that of the manufacturer of this product," Basu has written in his foreword to the 'Doing Business 2015' report.
"This shift has given me a 360-degree view of Doing Business and, along with that, an awareness of its strengths and weaknesses, which others, luckier than I, may not have," Basu wrote under the sub-heading 'Switching Sides'.
Basu was appointed to his current position at the World Bank in September 2012.
In the latest report, India has been ranked at the 142nd position among 189 countries and the list is topped by Singapore.
India's ranking has slipped from 140th spot last year and the fall is mainly because other nations performed much better. The country's place originally stood at 134 last year, but was adjusted to 140 by the Bank to account for fresh data.

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First Published: Oct 29 2014 | 4:35 PM IST

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