World Bank 2019 Doing Business Report cites India as a top improver for second consecutive year

July 2019

India is revealed as a top-ten improver for the second consecutive year in the 2019 Doing Business Report: Training for Reform, having implemented six reforms. Moving up 23 places in the overall Ease of Doing Business rankings, India now sits in 77th position, the highest in South Asia.

Published annually since 2003, the World Bank Doing Business project provides objective measures of business regulations for local firms in 190 economies worldwide. Russell Bedford International member firms, including India member Sharp & Tannan, have assisted the World Bank in researching its annual Paying Taxes survey since 2009, contributing data on tax regulation, recent reforms, and the real costs of tax compliance worldwide.

India made Paying Taxes easier by merging diverse sales taxes into a single General Sales Tax (GST). This is another area in which reforms have been carried out for a third consecutive year.

Commenting on the results, partner of Sharp & Tannan, Shreedhar T. Kunte said: “The results of the 2019 survey are certainly encouraging. Expanding upon business reforms has been high on the government’s agenda and it is pleasing to see positive results. I hope to see this trend continuing to ensure that India consistently advances to support improvement in doing business in the country and sustained economic growth.”

To access the full country report click HERE.