Context: While India has improved its ranking in the Ease of Doing Business (79 positions from 142nd in 2014 to 63rd in 2019, this has not resulted in economic growth and increased investments.
Background:
Flaws in World Bank’s Ease of Doing Business Index (EDBI):
Various costs which neutralise the positive impact of EDBI
Conclusion: The excessive focus on the EDBI has become a substitute for addressing the fundamental constraints faced by entrepreneurs and the real costs of doing Business. India must address these costs if it wants to emerge stronger after the pandemic