Visiting Fellow at the IDFC Institute, Shankkar Aiyar, writes in the The New Indian Express about what still needs to be done in order to significantly improve the Ease of Doing Business environment in India.
"The government has expressed confidence that India can shoot for the 50th rank on the World Bank table. By no means is that a mean ambition. The question is less about how doable this is. It is more about whether it will get done.
...the big bump up in the ranking is largely due to the enactment of the insolvency law and expansion of credit information. More pertinently in five of the 10 parameters, India’s ranking puts it in the league of strugglers and stragglers, with Sub-Saharan economies."
Read the full article here.