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Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment
6. With the World Bank’s Ease of Doing Business index being scrapped, India must not lose the progress made so far and further try to improve the business climate in the economy. Comment. (250 words)
Difficulty level: Tough
Reference: The Hindu
Why the question:
The World Bank Group scrapped its flagship publication, the ‘Doing Business’ report.
Key Demand of the question:
To write about the progress made with respect to Ease of Doing Business in India and further steps required to measure it.
Directive word:
Comment– here we must express our knowledge and understanding of the issue and form an overall opinion thereupon.
Structure of the answer:
Introduction:
Begin my writing Ease of Doing Business report of the world bank and its primary uses to investors.
Body:
Briefly, give context about the irregularities in the report and hence it was scrapped. Mention the major areas of progress India achieved with respect to Ease of Doing Business in past few years. Bring its benefits. Cite stats and facts to substantiate your point.
Next, write about further step that are required to improve the business climate in the Indian economy.
Conclusion:
Conclude by mentioning that irrespective of the index or not, India should focus on simplifying and easing restrictions to have a conducive environment for doing business.
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