Q: India’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news. Which of the following has declared that ranking?
a) Organization for Economic Cooperation and Development (OECD)
b) World Economic Forum
c) World Bank
d) World Trade Organization (WTO)
The correct answer is the Option 3.
Ease of Doing Business Index
- Every year, the World Bank releases it. Hence, Option 3 is correct.
- The indicator gauges a nation’s performance over a 12-month period ending May 1, 2019, across ten distinct parameters.
- India climbed from 77th place in the 2019 ranking to 63rd place in the 2020 study.
- India’s score improved from 67.23 to 71.0 this year over the previous year.
- Starting a Business, Dealing with Construction Permits, Trading Across Borders, and Resolving Insolvency are the four criteria on which India’s rating has improved.
- India appeared on the list of the top 10 economies where the business climate has improved the most for the third year in a row.
- India continues to hold the top spot among the nations of South Asia.
- India is maintaining its first position among South Asian countries.
- Global Economic Prospects, World Development Report IBRD are the other reports released by the World Bank.
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