New Delhi: India is now amongst the list of developing countries when it comes to the ease of doing business.
India has moved up 13 positions compared to last year when it was ranked below Malaysia, Indonesia and Sri Lanka among others.
China has retained the top slot for the second successive year, according to the 2016 Global Retail Development Index which ranks top 30 developing countries for retail investment worldwide.
NDA government would like India and the world to believe that all the schemes and policies that have been launched are bearing fruit.
Ease of doing business index is maintained by the World Bank with inputs from other international agencies that measures some fundamental factors such as how easy is to start a company; how long does it take to start a company; and how many regulatory hurdles to go through to start a company.
A correlation algorithm of all these variable is put together to come to a rating.
Amongst South Asian countries, until 2015, India ranked 15th.
The report came just hours before a big push by India in the United States to boost business ties. It is a boost for the government and for the country.