India to move up in ease of doing biz ranking: Jaitley
PTI India will move up "rapidly" on the Ease of Doing Business ranking within a couple of years following an array of reforms undertaken by the government to ease rules, Finance Minister Arun Jaitley said today. India ranks at 130th out of 189 economies on the World Bank's Doing Business report, which is topped by Singapore as the easiest country in which to do business. Though India has moved four places up, it ranks way below China, which is placed at 84th position. "India has taken a number of steps to ease doing business and I have not the least doubt that over the next 1-2 years we will move up more rapidly in the Ease of Doing Business ...
Moodys predicts overall growth rate of 7.3% for 2015, the lowest
The Dollar Business Bureau “India’s first quarter growth rate is tracking around 7.3% YoY, a slowdown from prior quarters, but we expect this softness will prove temporary, with improving domestic demand to help India’s gross domestic product (GDP) grow 7.3% for all of 2015,” says a Moody’s Analytics study. India’s economy is on a cyclical upswing. Forward-looking indicators suggest domestic demand is gathering momentum. Low inflation has enabled the Reserve Bank of India to cut interest rates by 50 basis points in early 2015, easing pressure on the private sector. Lower rates as well as the government’s infrastructure and disinvestment programs should provide a boost to domestic-oriented industries, the study said and added, the government has begun selling public assets ...
India slips 4 places to 126 in World Banks 2015 Foreign Trade rankings
Bidhu Bhushan Palo | @TheDollarBiz India has slipped four points to the 126th rank in World Bank’s “Trading Across Borders” indicator in the 2015 Ease of Doing Business report released this week. Singapore, Hong Kong, and South Korea hold the top three spots respectively. Launched in 2002, the Doing Business (DB) is a World Bank project which aims to provide measures of business regulations (which includes foreign trade) and their enforcement across 189 economies at different levels. DB measures three broad parameters (documentation, time and cost per container) to rank countries in the “Trading Across Borders” indicator. It excludes tariffs, time and cost for sea transport associated with exporting and importing a standard shipment of goods by sea transport. According ...
