India is disappointed after it moved barely one spot in World Bank's Ease of Doing Business ranking. Out of 190 countries, India ranks 130. New Zealand tops the charts and even countries like China, Nepal, Sri Lanka and Brazil are ahead. A disappointed commerce minister said the world bank survey doesn't factor in all reform measures that have been put in place, and also that GST, bankruptcy codes etc will help change the ranking. But all is not gloomy as data over the last few years shows that even though the rank has only gone up by 1 point, there has been a steady rise in the ease of doing business, barring a dip ahead of the general elections. How should we read the new report? And how does the latest one square up with the Prime Minister's promise of placing India amongst the top 50 countries?
