The Big Picture: Ease of Doing Business Report: India jumps 30 Spots



Anchor: Frank Pereira

Guests: A.K. Bhattacharya, Editorial Director, Business Standard; S.P.Sharma, Chief of Economist, Ph.D. Chamber; Ajay Shankar, Former Secretary, DIPP, The Ministry of Industry and Commerce, GOI; Dr. Arvind Virmani, Economist & Former Advisor to Ministry of Finance

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20 thoughts on “The Big Picture: Ease of Doing Business Report: India jumps 30 Spots

  • November 7, 2017 at 11:31 pm
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    Excellent performance by Modi and BJP govt.Brilliant performance. Now we have to look below 50 now.

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  • November 7, 2017 at 11:31 pm
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    Ease of doing business India jumps 30 points in the rankings -The big picture summary

    1. We have improved in the rankings by giving Special focus on the specific indices of index. This has proved to be a good approach for improving our business environment.

    2. Sustained efforts in this direction are needed.

    3. The index focusses on red tape and administrative hurdles to access the countries and rank them. There are a series of 10 sub indices involved .They are

    a) Starting business

    b) Dealing with construction permits

    c) Resolving insolvency

    d) Enforcement of contracts

    e) Cross border trade

    f) Supply of electricity

    g) Getting credit

    h) Registering property

    i) Paying taxes

    j) Protecting investors

    Problems areas we need to work on:

    4. Index based on only two cities(Delhi and Mumbai)-need to improve important business hubs like Bangalore , Ahmedabad, Chennai, Kolkata etc.

    5. Enterprises survey is better in showing the real picture, a mix of both ease of doing business and enterprises survey would give a clear picture.

    6. The push for digital governance , administrative reforms like single window clearance , new taxing regime , special incentives for MSME have improved the business environment but we still lag on two indices -insolvency and enforcement of contracts-for former New insolvency and bankruptcy code has been introduced but in order to improve on latter we need judicial reforms.

    7. The land and construction are in specific domain of states , states and union need to work in tandem to improve further.

    8. Broadening the index-need for factor market reforms -land allotments and permits eased-labour market reforms are need of hour.

    9. We also lag in cross border trade-need to revise exim policy.

    10. Rent seeking environment prevailing in India is discouraging government needs to allay this.

    11. The domestic investment has not still picked up due to a host of other problems-the investment hurdles need to be done away

    Conclusion:

    12. We should look beyond the index-high rank doesn’t ensure a growth in investment. It is merely a means to attract investment. It is the sustainability of investment that matters.(gap between de-facto and de-jure bridged)

    13. We should not lose sight of this big picture i.e. a sustained increase of investment both domestic and foreign in India.

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  • November 7, 2017 at 11:31 pm
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    I have a doubt…

    It is Make in India or FDI…
    can you please clarify in this..

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  • November 7, 2017 at 11:31 pm
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    India should make it easy for small scale start ups, small,industries, to set up ,then automatically new jobs will increase more than a big industry. India should make it easy for manufacturing. When taxes reduce, manufacturer feels he can make profit and reduce prices and compete and people see reduced price and buy them and more demand rises for that manufactured goods and more jobs increases due to demand. Only a fool increases taxes thinking it will make revenue for govt but finally it collapses small scale and indsutries manufacturings and people dont feel the need to continue that business if no profit is earned. Reducing taxes will create more jobs and increasing purchasing need for public. People have stopped buying high priced goods because of GST. Govt should reduce taxes to create more jobs, and encourage enterpreneurs ecosystem in every state,.Make govt bureaucracy work for public via online and if they do not finish the plea of applicant and solave it with in particular date and time,they should be penalised for it. then only bureaucracy will be running on its wheels.for nation prosperity

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  • November 7, 2017 at 11:31 pm
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    We hope that govt. will achieve to come to come under 30 in 2022….

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  • November 7, 2017 at 11:31 pm
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    Yes,only modi govt. has the ability to take such bold and courageous step to reform in every aspect that our needed..
    We hope that the bharatmala,sagarmala,ujwala scheme and many more scheme including our foreign policy everything will give fruitful result in near future and also job creation will increase…

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  • November 7, 2017 at 11:31 pm
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    Indian democracy is like a camouflage. You will never know what's the status of economy with limited data.
    I am not surprised that, govt is or world bank is making the picture only with data from two cities.
    Why all states won't accept the digital reform? Answer is even similar than the question. All states doesn't have the same level of development. Like Delhi or Gujarat can implement reforms much faster than UP or Bihar.
    Because they're way ahead in development.
    Inequality in wealth distribution between states has caused it and it will remain until society is driven by greed.

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  • November 7, 2017 at 11:31 pm
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    also previous year ease of doing business index we stood at 130 ,, there was debate last year which included mr nitin desai ,,, also i looked up and russia lies at 35 and china in 78 but the whole world knows the position of china and russia in overall economic and business conditions ,,

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  • November 7, 2017 at 11:31 pm
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    i was hoping mr nitin desai would be in the debate ,, ,i am no economist but mr desai is very good in explaining in a manner which is easy to understand ,,, also i have a question why does ease of doing business index only covers the data from mumbai and delhi and how can it be relied upon as a overall indicator of the whole country ,,,

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  • November 7, 2017 at 11:31 pm
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    I was looking forward to this debate.

    On a different note, Pl have a discussion on internal democracy …

    Reply

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