India still has a long way to go on reforms, World Bank says

The Print | Dec 4, 2019 at 8:01 AM
  • Rigid land and labor laws and protectionist trade policies are hindering investment in India even though the government has made strides in improving the ease of doing business.
  • India jumped 14 places to 63rd in the World Bank’s latest rankings on ease of doing business, but logistics costs are still three times higher in India than in China and two times higher than in Bangladesh.
  • With its 1.3 billion people, India is the biggest consumer market in Asia after China, yet businesses are overlooking India in favor of manufacturing powerhouses like Vietnam amid the trade war.