Ease Of Doing Business In India

Registration ID: IJNRD_223795

Published ID: IJNRD2406301

DOI: Click Here to Get

Hansika Reddy Araveti

Investment, Ease of doing business, Transparency, business environment

The ‘Make in India’ is an initiative by the government of India to create and encourage companies to develop, manufacture and assemble products in India. Ease of Doing Business (EoDB) is recognised as a significant factor in promoting entrepreneurship. India’s position in the World Bank’s Ease of Doing Business Index (EoDBI) improved from 142 in 2014 to 63 in the year 2020 due to the implementation of ambitious regulatory reforms by the government. Among the ten parameters of the World Bank’s EoDBI, India’s performance is poor in ‘Enforcing Contracts’, Starting of Business and Registering Property. As per the new categorisation, in EoDB, there are seven states under the top achievers category, six under the ‘Achievers category’ seven states in the aspirers’ category, while the remaining states are under Emerging Business Ecosystems. World Bank Report on EoDBI is criticised that it ignored the social benefits of regulations. Hence, India has to put focus not only on regulatory reforms to ease the process of conducting business but also on social implications, public services and transparency. World Bank’s new flagship ‘report ‘B-READY’ assesses the efficiency with which regulatory framework and public services are combined in practice. Dealing with the challenges of doing business in India requires a combination of strategic planning, patience and cultural sensitivity. The present paper gives a descriptive analysis and reviews the status of EoDB in India as well as the State of Andhra Pradesh

Published Paper   E-Certificate

Hansika Reddy Araveti (June-2024). Ease Of Doing Business In India. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(6), d134-d141. https://ijnrd.org/papers/IJNRD2406301.pdf

Volume 9 Issue 6, June-2024

Pages : d134-d141

Paper Reg. ID: IJNRD_223795

Published Paper Id: IJNRD2406301

Downloads: 000122005

Research Area: Social Science and Humanities 

Country: hyderabad, Telangana, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2406301.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2406301

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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