21 February, 2021
5 Min Read
Ease of Doing Business Rankings
The ease of doing business index is an index created jointly by Simeon Djankov and Gerhard Pohl, two leading economists at the World Bank Group. The report is released by the World Bank.
Why in news: 2020 data irregularities controversy: Several major newspapers – including the Financial Times, The Economist, and The Wall Street Journal – report that the data of China, Azerbaijan, United Arab Emirates, and Saudi Arabia among others were suspected to be “inappropriately altered” in the 2020 Doing Business publication. In light of the data irregularities found in both the 2018 and 2020 reports, the World Bank announced on 27 August 2020 that it would pause the Doing Business publication while it conducts a review of data changes for the last five reports and an internal audit of data integrity.
About Doing Business project:
It provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.
Launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
Performance of India:
What helped India improve its ranking?
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