India among top 10 performers on the list for the third time in a row

Ranking at a time when growth forecasts slashed by RBI, World Bank, IMF

India was ranked 142nd among 190 nations when PM Modi took office in 2014

India jumped 14 places to the 77th position on the World Bank’s ease of doing business ranking released on Thursday, riding high on the government’s flagship ”Make in India” scheme and other reforms attracting foreign investment.

The country also figured among the top 10 performers on the list for the third time in a row.

The rankings come at a time when the Reserve Bank of India (RBI), World Bank, International Monetary Fund (IMF) and various rating agencies have slashed the country’s growth forecasts amid a slowdown in the global economy.

In its ”Doing Business” 2020 report, the World Bank commended the reform efforts undertaken by the country “given the size of India’s economy”.

The report by the World bank also ponders upon the relation between the training of civil servants and communicating regulatory changes affecting the business climate and other such questions.

Top 25 CountriesBottom 25 CountriesSAARC CountriesOther Major Countries
New Zealand (Rank 1)Cameroon (Rank 166)India (Rank 77)Hong Kong SAR, China (Rank 4)
Singapore (Rank 2)Afghanistan (Rank 167)Bhutan  (Rank 81)United States (Rank 8)
Denmark (Rank 3)Burundi (Rank 168)Sri Lanka (Rank 100)United Kingdom (Rank 9)
Hong Kong SAR, China (Rank 4)Gabon (Rank 169)Nepal (Rank 110)Taiwan, China (Rank 13)
Korea, Rep. (Rank 5)São Tomé and Príncipe (Rank 170)Pakistan (Rank 136)Australia (Rank 18)
Georgia (Rank 6)Iraq (Rank 171)Maldives (Rank 139)Canada (Rank 22)
Norway (Rank 7)Myanmar (Rank 172)Afghanistan (Rank 167)Russian Federation (Rank 31)
United States (Rank 8)Angola (Rank 173)Bangladesh (Rank 176)China (Rank 46)
United Kingdom (Rank 9)Liberia (Rank 174)Indonesia  (Rank 73)
Macedonia, FYR (Rank 10)Guinea-Bissau (Rank 175)India (Rank 77)
United Arab Emirates (Rank 11)Bangladesh (Rank 176)Brazil (Rank 109)
Sweden (Rank 12)Equatorial Guinea (Rank 177)
Taiwan, China (Rank 13)Timor-Leste (Rank 178)
Lithuania (Rank 14)Syrian Arab Republic (Rank 179)
Malaysia (Rank 15)Congo, Rep. (Rank 180)
Estonia (Rank 16)Chad (Rank 181)
Finland (Rank 17)Haiti (Rank 182)
Australia (Rank 18)Central African Republic  (Rank 183)
Latvia (Rank 19)Congo, Dem. Rep. (Rank 184)
Mauritius (Rank 20)South Sudan (Rank 185)
Iceland (Rank 21)Libya (Rank 186)
Canada (Rank 22)Yemen, Rep. (Rank 187)
Ireland (Rank 23)Venezuela, RB (Rank 188)
Germany (Rank 24)Eritrea (Rank 189)
Azerbaijan (Rank 25)Somalia (Rank 190)