World Bank has released its report on "Ease of Doing Business survey for 2018.
- The report is titled Reforming to Create Jobs.
- India is placed at 100th place.
- The Doing Business 2018 report is based on the rankings of field surveys and interviews with corporate lawyers and company executives in Delhi and Mumbai.
- The report recognized India as one of the top five reformers in this year’s assessment.
- Of the 10 parameters, India got its highest ranking on “protecting minority investors.
- Various economies are ranked on their ease of doing business, from 1–190.
- Higher the ease of doing business ranking higher the regulatory environment.
- The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2017.
- The list is topped by New Zeland which is followed by Denmark and Singapore.
- Somalia is at the bottom.
