The Metrics on Doing Business in India – What You Need to Know
Cheenu Seshadri shares an article that explains the ins and outs of doing business in India, including how the EODB (ease of doing business) metrics on India measure up.
When a client recently asked us if the investment climate had improved in India, we became curious ourselves and decided to dive in. Having lived through a tortuous investment climate for international investors in the telecom sector between 2009 and 2013, I knew first-hand that there were deep structural issues that could not be fixed within one-term of a business-friendly administration.
As we dug in, the first thing we came across was effusive praise in both the domestic and international media for the remarkable progress India had made in the Ease of Doing Business (EODB) ranking released by The World Bank Group annually. India had historically been in the bottom third of countries with an average ranking of 131 between 2007 and 2017. Since Prime Minister Narendra Modi made EODB improvement a key platform to communicate to the world that India was open for business, several reforms have been undertaken. The series of reforms have landed India on the top-10 improved list for 3 years in a row and it has risen from a lowly 130th in the 2017 report to 63rd in the 2020 report published in Oct 2019.
Areas covered include:
- Deficiencies in the EODB metric
- Where India stands relative to peers
- Has the EODB improvement had an impact
Read the full article, India’s EODB: Is it “Easy” to do Business in India?, on LinkedIn.