World Bank’s ease of doing business index, India has managed to move up by only a single rank in the latest Doing Business Report 2017 by the bank. The country remains at the 130th position globally, it was revealed . This is the same as last year, but qualifies for a single upward movement in rank as India’s position in 2016 has been revised to 131 by the World Bank.

• New Zealand bagged the top spot in the rankings followed by Singapore, Denmark, Hong Kong and Korea.
• India ranking also continued to weaken in areas of strength like protecting minority investors — went down to 13th position from 10th position in the previous year — and getting credit — 44th position from 42nd position in the previous year.
• Important reforms by the government not considered by the World Bank include enactment of the insolvency and bankruptcy code and introduction of the online single window system for building approvals in both Delhi and Mumbai.
• India’s position on construction permit approval remains dismal, having fallen from to 185 from 183 previous year.
• In terms of starting a business, India’s ranking went down to 155th position from 151st last year.
• This was also true for registering a property and resolving insolvency.
• On this count, the country’s position slid one position from last year to 136th.