From the article:
Non-profit think tank Center for Global Development found that India’s jump in the World Bank’s Ease of Doing Business index is modest even as debate rages on the rankings after the international lender’s then-Chief Economist Paul Romer raised questions over its methodology.
“We found if we try to smooth out the changes in methodology, instead of India moving from 130 to 100, it would have started closer to 119 and moved up to 114,” Justin Sandefur, a senior fellow at the Center for Global Development, told BloombergQuint in an interview. Sandefur, who
analysed the ranking along with Divyanshi Wadhwa, dropped all the new indicators to get a clearer picture.
India’s
big leap in the rankings was attributed to reforms by Prime Minister Narendra Modi’s government. These included eased rules for construction permits, landing credit, protecting minority investors, paying taxes, cross-border trade and resolving insolvency. The improvement came even as the growth fell to its lowest in three years following the demonetisation and Goods and Services Tax rollout.
