Ease of Doing Business: India jumps 23 notches, now at rank 77

In a big boost for NDA government, India climbed another 23 points in the World Bank’s ease of doing business index to 77th place, becoming the top ranked country in South Asia for the first time and third among the BRICS.

In the last two years the country has climbed 53 notches, a performance matched in the past only by Bhutan. The biggest gain was in construction permit where India climbed 129 ranks to 52nd place on the back of targeted government effort to remove hurdles.

The details were revealed in World Bank’s Doing Business Report which is an assessment of business regulation across 190 economies.

Further, India now ranks in the top 25 in the world on three indicators- getting electricity, getting credit and protecting minority investors, department of industrial policy and promotion said on Wednesday.

The doing business report ranks countries on the basis of distance to frontier (DTF), a score that shows the gap of an economy to the global  ..