India ranked 142 among the 189 countries surveyed for the latest World Bank’s “Ease of Doing Business” report released recently, a drop by two places from the last year’s ranking, as Singapore topped the list.
The fall in ranking from last year’s 140 is mainly because other nations performed much better, Bank officials said. India’s ranking originally stood at 134 last year, but was adjusted to 140 to account for fresh data.
In the 2014 report, India had 52.78 points and this year it scored 53.97 points.
The latest ranking, however, does not take into account a slew of measures taken by the New government to make India a business friendly destination.
Appreciative of the steps taken by the new government, World Bank officials said that there was a very high likelihood of India significantly jumping up the ladder in the next report
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