“A study on the ease of doing business in India: Problems and prospectus”

Easy of Doing Business (EODB) has come to be recognized as a cross-border barometer for doing business. In several ways, because of its relative simplicity and easy-to-measure criteria, it has also become an actionable report, as evident from India's new approach of working towards improving its relative position rather than continuing to question the exercise. Prime Minister Narendra Modi coming to power in May 2014, the government had set a target of breaking into the top 50 from 142 that year. India broke into the top 100 in the World Bank's 2018 report on ‘ease of doing business’ rankings, notching up the biggest improvement among all countries on the back of big gains on a number of measures. The rise to the 100th position from 130th the 2017 year made India one of the top 10 best-improved countries, Since Prime Minister Narendra Modi's proactive intervention and continuous prod, states are fast to induce on board and this augurs well for Bharat moving up the ladder within the near years. The present study is descriptive in nature and primarily based on secondary sources of data. This paper tried to explain the concept and key elements of the EODB, and analyzed the current status and progress of the EODB in India, as well as studied the challenges of ‘EODB’ and finally given suitable suggestions to overcome the challenges. In a nutshell, whatever might be the shortcomings of the methodology and scope of the World Bank exercise, we must acknowledge that in terms of common perception, ‘EODB’ has acquired widespread acceptability.