national concern
Misleading Indian Surveys
Overseas surveys contradicts most of the Indian surveys because in India majority of socioeconomic surveys being conducted are done in firms controlled investment climate
By DANFES
Recently , whole India came across unusual news about Indian Premiere Narendra Modi thrashing the government officers for India ’ s poor improvement into the global index of ease of doing business . It came as a shocker to the socio-economic organizations as they had came across majority of the government of India surveys proclaiming Indian improvement into the economic reforms and the measures required for ease of doing business by good percentage points . However , all these surveys had to meet its crash landing when the World Bank report on global index of ease of doing business destinations was announced .
This global survey by the
Which version should readers believe ? Neither . Both reports describe changes in rules rather in practice . The reports cannot capture the role of money and influence to get clearances . Enormous hurdles can vanish with a bribe or telephone call .
The Doing Business report shows India is a difficult place for honest , rule-bound business . But it ’ s not bad at all for businesses that can handle the system . That ’ s why billions of dollars of foreign investment are pouring in even as World Bank ratings show countries like India and China in a poor light . Critics have long pilloried the shortcomings of the Doing Business report . Yet it has become popular , warts and all , because it captures at least the formal hurdles facing honest business , and promotes competition between countries .
The most
World Bank put a question into the Indian domain is India ’ s investment climate truly improving ? The ‘ Doing Business 2017 ’ report of the World Bank shows India improving only marginally from 131st to 130th position among surveyed countries . Meanwhile Assessment of State in the industry ministry ’ s ‘ Implementation of Business Reforms 2015-16 ’ claims that implementation of a 340-point reform program by the states has improved to 48.9 percent from just 32 percent the previous year . d e v a s t a t i n g expose of its shortcomings came in a World Bank study by Hallward Driemeier and Lant Pritchett . They compared data for a large group of countries from the Doing Business survey with that from a separate Business
Enterprise survey , also done by the Bank . They examined three indicators -the time taken for obtaining construction permits , starting a business or operating license , and the delay in importing goods . They found the average time taken for all three was far less
26
The Dayafter November 16-30 , 2016