For the third year in a row, India performed well in the Isle of Doing business

New delhi date. 24 October 2019 Thursday

India was backed in the ranking of the Isle of Doing Business amid reports that the country's economy was weakening. The World Bank improved India's ranking.

While the World Bank, the International Monetary Fund, the Reserve Bank of India have projected GDP growth in the wake of the economic downturn, the ranking found in India in the Isle of Doing Business is encouraging.

When Narendra Modi's government first assumed power sources in 2014, India's ranking in 190 countries was 142, up from 77 last year and 63 this year. The improvement is expected in the days to come.

However, there was a bit of a tussle in the meantime when India's position was far behind in smaller countries like Iran and Uganda in 2017. India was ranked 130th that year. But again in 2018 the situation improved and India reached 77th position. India is at 63rd position this year with further improvement.