India needs more reforms to be competitive: World Bank President Malpass

David Malpass says corporate tax cut should add to more growth

Reforms in land management and enforcing contracts could be the next big measures through which India can better its Ease of Doing Business ranking, said World Bank President David Malpass on Saturday. In its latest global report, released on Thursday, the World Bank placed India at 163 and 154 positions, respectively, on enforcing contracts and registering property.

Malpass said India needs to provide adequate resources to commercial courts at the district level for judgments to flow faster. “Small claims courts are needed to help people enter into contracts which they know can be enforced,” he said.

“With regard to land management reforms,