Doing business in India: Lessons from New Zealand

In recent years, India has laid special emphasis on the simplification and rationalisation of regulatory reforms in the country for more efficient compliance of regulations by businesses. These efforts can further be justified by country's remarkable improvement in World Bank's Ease of Doing Business rank 2019. According to the Ease of Doing Business Ranking 2019 (EoDB 2019), India has shown a jump of 23 spots and has been ranked 77^th position out of 190 participating countries. New Zealand, on the other hand has been consecutively ranked first in EoDB rank since 2016, thus making it the most business-friendly country in the world. This paper makes a comparative analysis of New Zealand and India and tries to identify the practices that India can adopt to further improve its EoDB ranking as well as making the country more business friendly in term of compliance of business procedures. This paper analyses the top 5 reform areas of New Zealand and draws practices India can adopt to further improve the EoDB rank.