How electricity helped India gain on Ease of Doing Business Ranking

A general view shows the central business district Nairobi

India has shot up by 23 spots to reach the 77th position among 190 nations in World Bank's Ease of Doing Business ranking.

In the "Doing Business" 2019 report, the World Bank has said India improved on six of the 10 parameters relating to starting and doing business in a country.

Suresh Prabhu, Commerce Minister, attributed the improvement in the ranking to the collaborative effort by the state and central government. Among the subcategories, Malaysia ranked 3rd in Dealing with construction permits and 4th in Getting electricity.

The report measures the performance in ease of doing business in 190 countries.

"The government is committed to taking steps to facilitate in conducting business and to attract foreign investment", Dawood said. He explained ease of doing business as the process to maximise governance with minimum involvement of government staff and procedures to guide the investment environment.

However, as The Wire and US-based think-tank Centre for Global Development (CDG) noted at the time, much of India's rise in 2017 came as a result of methodological changes carried out by the World Bank. "India streamlined the process of obtaining a building permit and made it faster and less expensive to obtain a construction permit", the report said.

"The obvious area and target for improvement are registering property, starting a business, insolvency, and taxation and the fifth one is enforcement of the contract", he said.

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"A country's position in the ranking report indicates its competitiveness as well as highlights the areas where reforms are needed to improve its business climate", he added.

This is the second consecutive year that India has been recognized as a top improver. "It takes 69 days and costs about 8 percent of the property value to register a property, compared to 20 days and 4.2 percent among high income OECD economies", the report said.

While talking to the media, Fareena Mazhar, Executive Director General BOI, explained that in addition to introduction of reforms, other positive data corrections also contributed to the unprecedented improvement in ranking of Pakistan.

Regarding getting electricity, newly-adopted regulations from the Delhi Electricity Regulatory Commission require that electrical connections be completed within 15 days of the application's acceptance.

Jitendra Gianchandani, chairman and managing partner of Jitendra Consulting Group, said the UAE's improvement in the ranking from 21st place to 11th is phenomenal.

Also, "India made paying taxes easier by replacing many indirect taxes with a single indirect tax, the GST, for the entire country". Malaysia made it easier to trade by strengthening infrastructure at Port Klang by opening a second gate with additional scanners, upgrading the management system, expanding two terminals.

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