India's rank in the World Bank's ease of doing business index improved to 63 in 2019 from 77 in 2018, according to the document. Key reforms contributing to this included digitizing land records, introducing online checking of encumbrances, and mandating a simplified SPICe form to integrate various business registration services. Reforms were also implemented to ease the starting of business like reducing fees and eliminating requirements for seals and inspections. While progress has been made, further reducing corruption, bureaucracy and other impediments could help India improve its business environment more.

1. Sustained Business
Reforms and Ease
of Doing Business in
India
S R I G U R U G O B I N D S I N G H C O L L E G E O F
C O MME R C E
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MA N A G E R I A L E C O N O MI C S
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MA N S I MA RWA H A ( 1 9 7 0 0 9 )
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S U B MI T T E D TO :
D R . H A R P R E E T K A U R

2. What is ease of doing business?
 An index published by the World Bank.
 Computed by aggregating the distance to frontier scores of different economies.
 Distance to frontier score uses the „regulatory best practices‟ for doing business as the parameter and benchmark
economies according to that parameter.
 For each indicator, a distance to frontier score is computed and all the scores are aggregated.
 The aggregated score becomes the Ease of doing business index.
 Some indicators: construction permits, registration, getting credit, tax payment mechanism etc. Countries are ranked as per
the index.

3. Doing Business 2020 Indicators
Starting a business Procedures, time, cost and paid-in minimum capital to start a limited liability company
Dealing with construction permits Procedures, time and cost to complete all formalities to build a warehouse and the quality
control and safety
mechanisms in the construction permitting system
Getting electricity Procedures, time and cost to get connected to the electrical grid, and the reliability of the electricity supply
and the
transparency of tariffs
Registering property Procedures, time and cost to transfer a property and the quality of the land administration system
Getting credit Movable collateral laws and credit information systems
Doing Business 2020 India

5. India is ranked 63 among 190 economies in the ease of doing business, according to the
latest World Bank annual ratings. The rank of India improved to 63 in 2019 from 77 in 2018.
Ease of Doing Business in India averaged 119.67 from 2008 until 2019, reaching an all time
high of 139 in 2010 and a record low of 63 in 2019.

8. Sustained reforms towards ease of doing
business: General indicators
Registering Property-
Under this, the reforms implemented were as follows:
 Digitizing all land titles or deed records at the Sub-Registrar‟s Office (SRO).
 Online database for checking for encumbrances (liens, mortgages, restrictions and the like) introduced.
 Introduced service delivery standards to provide maps within a specific time frame through an online portal.
 Cost of title search at office of Sub-Registrar of assurance is Rs. 300.
 List of documents required to complete any type of property transaction.
 Fee schedule for immovable property registration

9.  Mandated SPICe (Simplified Proforma for Incorporating a Company electronically) form for five integrated services:
 Recued fee for filing incorporation of a company to INR500 from INR2,000.
 No requirement of Company/Rubber Seal for starting a business in India.
 Real-time and online ESIC registration for establishments without any requirement of inspections or physical touch
points.
 Real-time and online EPFO registration for establishments without any requirement of inspections or physical touch
points.
 Online and real-time registration under Delhi Shops and Establishment Act with no requirement of inspections or
physical touch points.
 Online registration for Delhi VAT.
Starting a business-

10. 63

11. Some other reforms/indicators are:
Protecting minority investors Minority shareholders‟ rights in related-party transactions and in corporate governance
Paying taxes Payments, time, total tax and contribution rate for a firm to comply with all tax regulations as well as post filing
processes
Trading across borders Time and cost to export the product of comparative advantage and import auto parts
Enforcing contracts Time and cost to resolve a commercial dispute and the quality of judicial processes
Resolving insolvency Time, cost, outcome and recovery rate for a commercial insolvency and the strength of the legal
framework for
insolvency
Employing workers Flexibility in employment regulation and redundancy cost

12. Conclusion-
 If we compare our position today with a position one decade ago, India has come a long way in improving
“Ease of Doing Business”,
 In last year‟s revised ranking, India jumped by 8th position in the index. India is currently 130th in the Index.
But that is still not a good position.
 India needs to get rid of the menaces like corruption, red tapism and anything which hampers growth and
functioning of business.
 A perceptible improvement to India‟s ranking in the World Bank‟s „ease of doing business‟ (EDB) index is
suprising enough.

14. THANK YOU..