India’s ‘’ rankings jumps to 63rd position: World Bank

Must Read

Facebook acquires GIF search engine GIPHY

Facebook is buying the popular engine Giphy, with plans to further integrate the GIF library into Instagram and other Facebook apps.

Explained: 5 biggest mistakes startups make in beginning that you must avoid

Reza Shojaei, the founder of a multinational company, Value Marketing, tells about the 5 biggest mistakes many startups make in the beginning, and how to avoid them.

DigitalOcean raises $50 million in Series C round funding

Software technology firm DigitalOcean said that it has raised $50 million Series C funding round led by Access Industries, with participation from Andreessen Horowitz (a16z).

India’s ‘’ rankings jumps to 63rd position, according to a latest ’s ranking released on Thursday. The jump has been attributed multiple economic reforms taken by the Prime Minister government. However, it failed to achieve government’s target of being at 50th place.

In the last ranking, India was 77th among 190 countries. This is an improvement by 23 places. India had broken into the club of the first 100 such nations in the 2018 report, when it managed to jump 30 places. The 2019 report had named this as “one of the economies with the most notable improvement” for a third year in a row.

India was adjudged the fifth best performing nation in reforming the business environment that year. The country had improved its ranks in six of the 10 sub-categories used by the Bank to judge the business climate.

However, its ranking saw a decline in two more, on paying of taxes and resolving of insolvency. This was despite the fact that India had introduced the goods and services tax in 2017 and the Insolvency and Bankruptcy Code a year before.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

- Advertisement -SAP Hana

Related Articles