India ranked 77th in the World Banks Ease of Doing Business Index

Posted on:01 Nov 2018 11:17:09
India ranked 77th in the World Banks Ease of Doing Business Index
01 November 2018 Current Affairs:

According to the World Bank, India ranked 77th in the World Bank’s Ease of Doing Business Index 2018. The index ranks 190 countries based across the life-cycle of a business, from starting a business to resolving insolvency. The ranking is based on 10 different parameters. In the 2017 report, the country was ranked 100.

World Bank:

Formation: July 1945

Motto: Working for a World Free of Poverty

Headquarters: Washington, D.C., U.S.

Membership: 189 countries in IBRD, 173 countries in IDA

Key people: Jim Yong Kim (President)

                        Kristalina Georgieva (CEO)

                        Shanta Devarajan (Chief Economist)

Parent: World Bank Group

♦ The World Bank is different from the World Bank Group. The World Bank Group has five international organizations: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), International Centre for Settlement of Investment Disputes (ICSID)

♦ The World Bank is a Monetary International Financial Organization


According to the World Bank, India ranked 77th in the World Bank’s Ease of Doing Business Index 2018. The index ranks 190 countries based across the life-cycle of a business, from starting a business to resolving insolvency. The ranking is based on 10 different parameters. In the 2017 report, the country was ranked 100.

World Bank:

Formation: July 1945

Motto: Working for a World Free of Poverty

Headquarters: Washington, D.C., U.S.

Membership: 189 countries in IBRD, 173 countries in IDA

Key people: Jim Yong Kim (President)

                        Kristalina Georgieva (CEO)

                        Shanta Devarajan (Chief Economist)

Parent: World Bank Group

♦ The World Bank is different from the World Bank Group. The World Bank Group has five international organizations: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), International Centre for Settlement of Investment Disputes (ICSID)

♦ The World Bank is a Monetary International Financial Organization


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