29 Oct 2014
India has been places at 142 among 189 countries in the latest World Bank’s ‘Ease of Doing Business’ report released today, a drop by two places from the last year’s ranking.
The drop in India’s ranking from last year’s 140 is mainly because other nations have performed much better, bank officials said.
In the 2014 report, India had 52.78 points and in this year’s report it has 53.97 points.
The latest ranking, however, does not take into account the latest slew of measures taken by Narendra Modi government to make India a business friendly destination.