What they claimed in report?
Disclaimer of World Bank
© 2014 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org
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This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work.
Disclaimer of DIPP
This Assessment Framework has been prepared as part of an annual exercise undertaken by DIPP to assess States on enabling Ease of Doing Business. DIPP has endeavoured to include most of the relevant aspects in the current year of assessment. A draft of this framework was circulated to all the States for obtaining feedback and suggestions. DIPP has attempted to update and incorporate the feedback received based on its applicability to the study.
DIPP shall consider additional reform measures for next year’s framework to make it easier to do business. DIPP shall also consider the feedback received from States and other key stakeholders for the same.
1.1 Need for reform
India is currently ranked 142 among 189 nations in World Bank’s Ease of Doing Business 2015 study. With the exception of two parameters (Getting credit and Protecting minority investors), India does not feature in the top 100 in the remaining parameters. In ‘Dealing with construction permits’ and ‘Enforcing contracts’ parameters, India ranks in the bottom 10 economies as per the ranking.
India’s overall ranking and the individual rankings in various parameters clearly show that India is in urgent need of reforms to unlock the huge economic potential of the nation. However, the reforms need to be initiated at various levels across Centre, State and local governments. A coming together of bold and necessary reforms in various areas will herald an era of high value investments, infrastructure growth, job creation, skill development and economic prosperity.
1.2 State level assessment
With India being a federally structured nation, the States have a vital role to play in promoting investor confidence. The ease or difficulty of doing business in a State is a function of the structures/ framework put in place by the State along with the implementation of the structure.
Institutionalisation of reforms through the structures will ensure manifestation of outcomes. In order to enhance the ease of doing business in various States in India, the Department of Industrial Policy and Promotion (DIPP), has initiated a study to assess States on reform parameters that are germane to ease of doing business. DIPP has also circulated a document with recommendations for States on aspects critical to enabling ease of doing business. The document highlighted good practices in various areas that need to be institutionalised for States to improve their investment eco-system.