India has jumped to rank 130 out of 189 countries—up 12 spots from 142 a year ago.
India has accelerated efforts to improve the business climate in the country during the past year. This year’s improvement in ranking marks a significant shift in trend after several years of decline. The fact that the government achieved this in about six months underlines its commitment to making India an easier place to do business. These initiatives will benefit Indian small and medium-sized enterprises (SMEs) the most.
As per a report made by ASSOCHAM, Corruption on the Central level has come down significantly whereas there is a lot more which needs to be done at the regulatory level.