India ranks 130th in World Bank's ease of doing business Index

India has moved a place up but is still 130th in the World Bank's ease of doing business ranking for 2017. The marginal improvement came on the back of slight improvement in four indicators - getting electricity, enforcing contracts, trading across borders and registering property.

Government has expressed disappointment over the latest rankings saying that the report did not take into consideration 12 key reforms. 

Secretary in the Department of Industrial Policy



and Promotion Ramesh Abhishek said, a dozen of important reforms like enactment of bankruptcy code, GST and introduction of single window system for building plan approvals were not recognised by the World Bank.

The report, which examines regulations that enhance or constrain business activity, assesses 190 countries and ranks them according to the impacts of their regulatory environment on business.New Zealand has been ranked the top country in the world, up one place.