In a quiet contrast to prevailing investment scenario in the country, while on the one hand, investments are pouring in into the country with the easing of investment procedures in the country by the new government, on the other hand, India has dropped two places to stand 142nd out of 189 countries ranked by the World Bank for ease of doing business.
In the ten metrics used to measure ease of doing business in the Bank's 2015 report, India stood a wretched 184th in the category "Dealing with Construction Permits," and 186th in "Enforcing Contracts."
On the flip side of it, India has immensely improved its rank to 7th, an improvement of 14 places, when it came to "Protecting Minority Investors." It is the only category in which India has shown an improvement from 2014, when it was ranked 21 in this category and 140 in the overall ease of doing business.
One hopes with easing out of business norms by the incumbent government at the centre, India's standing as a lucrative investment destination will improve drastically in the coming years.
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