The World Bank, which recently ranked India 142nd in its Ease of Doing Business list, on Tuesday said the ranking will improve by at least 50 notches if one includes the best practices followed at the state level.
“A few years back the World Bank did a sub-national ‘ease of doing business exercise,’ looking at how different states perform. What we found was that if all of the country’s best practices were put together, the ranking would increase by more than 50 places,” World Bank senior country economist Denis Medvedev said on Tuesday.
“So, many of the solutions can be found right here in India,” he added, during an interaction on social networking site Facebook this evening.
The comments come within days of the country’s position slipping further to 142 among 189 countries in the ease of doing business ranking, as against 134 last year.
The latest ranking, however, does not take into account the latest slew of measures taken by Modi government to make India a business friendly destination.
“There are two things to keep in mind. First, ‘ease of doing business’ is a ranking which means that performance is relative. So, even though the country’s actual score has improved, the scores of other countries improved even more.