ASSOCHAM applauds India's ranking in EODB

Posted by Daily Shipping Times on 06-11-2018        Tweet

NEW DELHI: The World Bank 2019 edition of the Ease of Doing Business ranking indicates huge jump in India’s ranking from 100 in 2018 to 77 in 2019. India is the only country to rank among the top 10 improvers for the second consecutive year. ASSOCHAM compliments Government for bringing in huge and unprecedented improvement in India’s global ranking in Ease of Doing Business within a span of just two years. 

India saw a similar improvement in the “trading across borders” section to 80th position from 146th a year ago. This improvement was made possible by reducing the time and cost to export and import through various initiatives, including the implementation of electronic sealing of containers, upgrading of port infrastructure and allowing electronic submission of supporting documents with digital signatures under its National Trade Facilitation Action Plan 2017-2020.