Don’t read much into India’s march in the ease of doing business rankings – The Hindu BusinessLine

Amid a gloomy economic environment, India has continued its upward march in the World Bank’s Ease of Doing Business (EODB) rankings. With its rank climbing to 63 (among 190 economies) in 2020, the country has managed a quantum improvement in its relative position over just a four-year span from 130th place in 2016. Increasingly though, it is becoming difficult to reconcile the ‘all-is-well’ scenario painted by India’s performance in the EODB rankings with the marked deterioration in business sentiment on the ground. India’s latest wins in the EODB rankings come at a time when its Index of Industrial Production has gone from expansion to contraction, credit flow to industry has all but seized up and RBI surveys have noted a marked dip in business expectations on order flows and output.