India jumps 30 spots to 100 in World Bank's ease of doing business rankings

Paying taxes, resolving insolvency lead the charts; starting business still a concern

India has for the first time broken into the club of the 100 nations easiest to conduct business in, driven by ease of paying taxes, resolving the insolvency problem, access to credit, and protection of minority investors.

The World Bank’s ‘Doing Business 2018: Reforming to Create Jobs’ report, released on Tuesday, showed India's rank in ease of doing business jumped 30 places to 100 among 190 countries. India’s rank was 130 a year ago. India has also been adjudged the fifth best-performing nation globally in reforming the business environment. The country improved its rankings in six of the 10 sub-categories