(The article “Doing Business Report 2019- Reading Between the Lines” published in weekly magazine Uday India in December 8, 2018 edition)
Doing Business Report 2019- Reading Between the Lines
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(The article “Doing Business Report 2019- Reading Between the Lines” published in weekly magazine Uday India in December 8, 2018 edition)
By making it simple for businesses to start their venture with minimal formalities, government has eyed job creation and double-digit GDP growth rate. World Bank has now commended Modi’s vision and works.
Rankings will help Modi in 2019 elections to demonstrate how his actions have led to an international win for country. Demonetisation can be a trouble maker but ease of doing business report brings relief.
We continue to lag in Enforcing Contracts. Today it takes decades to enforce contracts due to the cumbersome legal system.
Construction permits should not be given without properly studying their impact on air and water pollution. Indian cities are reeling under pollution and PM2.5 and PM10 tend to increase with increased construction.
The day proactively media and contributors like you are able to communicate to all those at the helm, what is going wrong and what could be done better, this country will progress in the right direction, irrespective of which party is holding the office. There is no need to praise all that has been going right and the common can always can see it to believe it! Let us support to get the best out of our politicians and bureaucrats, rather than patting some times and mudslinging some other times!
When one talks of taxes, do we compare tax growth with GDP growth. A rise in GDP also increases tax collection but is India’s tax growth commensurate with the growth in country’s GDP?
What will happen even if new businesses find it easier to set up shops and factories. Credit offtake is so slow and banks are reluctant to lend to even genuine buyers.
Also to note that these ratings by World Bank take into account only a few Indian metro cities and not Tier II or Tier III cities and rural parts. A comprehensive score is needed to get a clearer picture.
India not imporved on 1 or 2 parameters in the index but on majority of them. This is a relative ranking and sheds light on fact that we as a nation are doing better than what other countries are doing for their economy.
Multilateral organisations are praising India’s growth story and we are fastest growing major economy in the world. Doing Business Report of this year substantiates these points.
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Efforts led by the Prime Minister have resulted in an unprecedented bettering of rank by India in World Bank’s report. Ground-level reforms and their effective implementation is the driving force.
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Never in the past did India score so good in ease of doing business index. This clearly indicates that government is working incessantly to pave way for new businesses which can emply more and more youth.
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