UPSC Prelims 2016
Economy
India’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news. Which of the following has declared that ranking?
Explanation
It is published by the World Bank. Ease of Doing Business Index: This index was a global ranking that assessed the regulatory environment for business startups and operations in different economies. It measured regulations in areas like starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. Note: The World Bank discontinued the Ease of Doing Business Index in 2021 due to concerns about data irregularities in some past reports.