TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    jawaharlal nehru

    How Jawaharlal Nehru’s Historic Blunders Still Bleed India Today!

    Iran Declines to Back Shehbaz Sharif’s India Outreach

    Diplomatic Setback for Pakistan as Iran Declines to Back Shehbaz Sharif’s India Outreach

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    India’s Major Preparations After ‘Operation Sindoor’! Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    World Bank

    India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

    The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

    The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    jawaharlal nehru

    How Jawaharlal Nehru’s Historic Blunders Still Bleed India Today!

    Iran Declines to Back Shehbaz Sharif’s India Outreach

    Diplomatic Setback for Pakistan as Iran Declines to Back Shehbaz Sharif’s India Outreach

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    India’s Major Preparations After ‘Operation Sindoor’! Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    World Bank

    India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

    The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

    The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

As per Desi Economists India’s Economy is on Ventilator. World Bank Presents a very Different Picture though

Vasudeva Reddy by Vasudeva Reddy
2 November 2017
in Economy
ease of doing business
Share on FacebookShare on X

Slowest quarterly growth in last three years!
98.96% of specified bank notes found their way back to banking system
Glitches in GST filing and woes of exports

Is there anything good about this economy to talk?

Have you ever questioned, despite slowest quarterly growth in 3 years why our stock markets are at their historical highs?

RelatedPosts

Retail Inflation Falls to Lowest Since 2019 at 3.34%, Driven by Cheaper Food

Rare Watch: Union Minister Piyush Goyal’s ‘Dukandari’ jibe hits Indian Startup ecosystem, stirs fresh debate

US-India Defence Pact: A Win-Win for Security, Economy, and Technology

Load More

OR

Have you ever wondered, why our forex reserves have crossed $400 billion despite ‘so-called’ failure of big bang schemes and Indian economy in general?

Well, I will try to address those paradoxes in our economy.

Irrespective of the fact whether one is a staunch supporter of BJP/NDA or dead against it, one must admit the fact that FII (foreign Institutional Investors) and Domestic institutional investors are better informed and better equipped than anyone us reading this. Stock market is, almost always, a better indicator of how an economy is going to perform in near to long term future, after all, investment in a stock is betting for better prospects of a company. Recently, according to World Bank report, India has jumped 30 positions in ‘ease of doing business’ from 130 to 100 and that too without considering the effects of both demonetization and GST. What I am trying to say is, big investors and World Bank are better qualified than any of us to pass judgement on ‘how well our economy is doing’. Yes! Agreed, stock market rallies are based on various factors apart from fundamentals of an economy, at the same time we can’t ignore the changes of fundamental structure. Instead of discussing how great it is to have a surge in bigger than any other large economy, I will discuss what helped in achieving that jump and what do we have to do to grow it further.

To determine ease of doing business rank, World Bank considers ten different factors, ranging from starting business to resolving insolvency, in assigning rankings to countries.

In the following discussion, I’m going to discuss the factors which helped us improve our ‘ease of doing business’ rankings and the factors which let us down. India has improved rankings in 6 out of 10 parameters and is one of the top 5 performers of the year.

Let me talk about the positives first and we will eventually get to areas of improvement. We have witnessed the biggest jump in ‘paying taxes’ category (53 positions). World Bank quotes “India made paying taxes easier by making payment of EPF mandatory electronically and introducing a set of administrative measures easing compliance with corporate income tax.” The administrative measures like electronic verification of returns filed, linking of Aadhaar with PAN have certainly helped in easing the tax filing process. Reduction of corporate tax to 25% from 30% has certainly helped corporates to announce true to the form results with the decreased tax burden.

Insolvency and bankruptcy code (IBC) is certainly one of the most sought-after provision that India has been seeking and it clearly reflected in ease of doing business rankings (to 103 from 136). It is not only about how fast we can start a business, but also how fast an entity can windup its business in case of unfavorable conditions. We were not able to swipe a business unit out of its existence even though it made huge losses. That had been the single most troubling factor for the banks to recover defunct loans from troubled entities.

India has also shown strong growth in ‘Getting credit category’, precisely 15 places from 44 to 29. Getting credit and giving credit are both interrelated. Financial institutions will be reluctant to lend any fresh loans if they are uncertain about the principal amount they have lent. With the introduction of Mudra fund and IBC, banks and financial institutions are more confident about their lending. Though, currently, macroeconomic factors are not in favour financial institutions, with the infusion of fresh capital, banks are better equipped for the period to come. And, this particular ranking will only go up in the coming years.

‘Protection of minority investors’ has always been one of the strongest factor for India, yet, we have managed to improve our already impressive ranking of 13th to 4th. We have achieved this by increasing remedies available in cases of prejudicial transactions between interested parties.

Rankings under ‘Dealing with construction permits’ and ‘enforcing contracts’ have improved slightly due to implementation of less cumbersome online system that has streamlined the process and by implementing national judicial data grid which helps to generate case measurement reports on local courts respectively.

However, there are few areas of concern as well. We have fared poorly under ‘Starting a business’, ‘trading across borders’, ‘registering property’ and ‘getting electricity connection’ categories. Although we have improved in ‘dealing with construction permits’ and ‘enforcing contracts’ categories, we have a long way to go. Our aim is to crack into Ease of doing business – Top 30 by 2020 and it is not an easy task by any means.

We have to see at least 2 more similar jumps to reach there but it is unlikely given the fact we are closing in to General elections and generally a year before general elections is not good for economy in long run. Even if we may not able to get into the highly ambitious top-30 list of ease of doing business, our future is bright. World Bank report of 2017 doesn’t consider implementation of GST and RERA which can further enhance our ranking in the coming years, particularly GST. Although implementation of GST is not-so-great due to technical difficulties, it is a potential game changer which will boost ‘starting a business’ and ‘trading across borders’ categories.

We have to further simplify the regulations and streamline the license structure for starting a business. Responsibility in simplifying the process for starting a new business is not only lies with Union government, but also with state governments. ‘Trading across the border’ is another area where we are faring badly. With the implementation of GST, movement of goods across the ‘GST notified states’ has become much easier and faster.

However, there is a lot of room for improvement for exports and imports, be it time or cost or documentary compliance. Getting an electric connection is completely a state issue, and union government should put forth some rules and strict deadlines to get an electricity connection. Getting an electrical connection is a basic business need, and it can be addressed very quickly and easily. Our ranking of 26 is actually good when compared to other areas, yet, there is big room for improvement.

Tags: Ease of Doing Business.Economy
Share578TweetSend
Previous Post

The Stories of These Teens Pushed into an Endless Race will Break your heart

Next Post

It was a Happy and Peaceful State. Now Hindu Leaders are being Hunted Down there.

Related Posts

Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost
Finance

Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

25 May 2025

When people hear about term insurance, what they usually picture is a payout, money that’s meant to support their...

Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047
Economy

Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

24 May 2025

Prime Minister Narendra Modi will chair a high-level meeting of the NITI Aayog Governing Council this Saturday at Bharat...

International Monetary Fund (IMF).
Economy

IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

23 May 2025

The International Monetary Fund (IMF) has defended its recent $1 billion (over Rs 8,000 crore) disbursement to Pakistan, affirming...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited