<p class="rtejustify">India made a massive jump of 23 places to move to the 77th spot in the World Bank’s ease-of-doing-business global rankings of 190 countries in 2018, prompting the multilateral agency to recognise the country as one of the top “improvers” this year.</p>.<p class="rtejustify">The improvement in ranking, coming ahead of Assembly elections in five major states and 2019 general elections next year, could be a shot in the arm for the BJP-led NDA government at the Centre.</p>.<p class="rtejustify">Since 2014, India has moved up 65 places, which is a record improvement for any country in four years’ time, Finance Minister Arun Jaitley said after the release of the World Bank ranking report.</p>.<p class="rtejustify">India was at the 142nd place in the group of 190 countries in 2014. The country improved its rankings in six of the 10 sub-categories used by the World Bank to judge business climate, but slipped two notches to 121 in ‘paying taxes’.</p>.<p class="rtejustify">Jaitley said the Goods and Services Tax implementation, which has almost done away with the teething problems, will help the country improve this ranking too.</p>.<p class="rtejustify">In 'Trading across borders', India went up 66 places to come at the 80th spot. The country registered the best performance in 'Dealing with Construction Permits' where it jumped by a massive 129 places to become the 52nd easiest place to construct a business unit.</p>.<p class="rtejustify">Jaitley said the report covered policy reforms undertaken till May 1. The World Bank takes into account two metropolitan cities of Delhi and Mumbai to prepare the report.</p>
<p class="rtejustify">India made a massive jump of 23 places to move to the 77th spot in the World Bank’s ease-of-doing-business global rankings of 190 countries in 2018, prompting the multilateral agency to recognise the country as one of the top “improvers” this year.</p>.<p class="rtejustify">The improvement in ranking, coming ahead of Assembly elections in five major states and 2019 general elections next year, could be a shot in the arm for the BJP-led NDA government at the Centre.</p>.<p class="rtejustify">Since 2014, India has moved up 65 places, which is a record improvement for any country in four years’ time, Finance Minister Arun Jaitley said after the release of the World Bank ranking report.</p>.<p class="rtejustify">India was at the 142nd place in the group of 190 countries in 2014. The country improved its rankings in six of the 10 sub-categories used by the World Bank to judge business climate, but slipped two notches to 121 in ‘paying taxes’.</p>.<p class="rtejustify">Jaitley said the Goods and Services Tax implementation, which has almost done away with the teething problems, will help the country improve this ranking too.</p>.<p class="rtejustify">In 'Trading across borders', India went up 66 places to come at the 80th spot. The country registered the best performance in 'Dealing with Construction Permits' where it jumped by a massive 129 places to become the 52nd easiest place to construct a business unit.</p>.<p class="rtejustify">Jaitley said the report covered policy reforms undertaken till May 1. The World Bank takes into account two metropolitan cities of Delhi and Mumbai to prepare the report.</p>