Ease of doing business facilitation in India: Issues, responses and proactivism
The destination decisions of the global investors are based on many factors. One of such factors is the ease of doing business in a particular nation. Potential investors examine a number of factors like inclusive quality of an economy, business environment, the financial system, size of market, law enforceability and the quality and efficiency of labour before investing in a country. Indices based reports give them good insight into the country's regulatory environment. These reports are about perception as well as about the ground realities. These also help them in keeping them informed of the investment attractiveness of the economy and the developing markets of any country. ‘Ease of doing Business’ is one of such important factors. In aiming to become an attractive destination for investment, India is also endeavoring to enhance facilitation for ease of doing business by responding proactively to the bottlenecks, if any, in the process. The paper aims at evaluating various parameters to assess ease of doing business in India. India’s ranking vis-a-vis each parameter in a global scenario has also been highlighted. The paper ends with narrating the road map for improving the rankings of India in future by adopting a proactive approach.