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This Article is From Oct 25, 2016

India Moves Up By One Place In Ease Of Business Ranking: World Bank

A higher ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

India Moves Up By One Place In Ease Of Business Ranking: World Bank
The World Bank has revised India's last year ranking to 131 from 130.

India now ranks 130th out of 190 countries in the ease of doing business ranking, moving up by one place from last year, according to World Bank.

The Washington-based multilateral agency has also revised India's last year ranking from 130 to 131.

A higher ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

The government has liberalised the foreign direct investment (FDI) regime by raising caps on foreign holding in domestic companies in a slew of sensitive sectors like defence and insurance.

India's FDI inflows in 2015-16 had increased to a record $55.46 billion as against as against $36.04 billion in 2013-14.

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