EIU Ranks India Tenth In The World In Terms Of Ease Of Doing Business

By Consultants Review Team Wednesday, 19 April 2023

According to an Economist Intelligence Unit (EIU) report, India appears to have surpassed the United Kingdom in terms of ease of doing business. Doing business in India is growing progressively easy, according to EIU's BER scores. Since the last edition, India has risen six positions in the survey's 17-country sample. From 14th to 10th in the period 2018-22, India now ranks 10th in the year 2023-27 in terms of business environment.


The rise is mostly due to higher grades for foreign commerce and exchange restrictions, infrastructure, and technical readiness. Due to the country's enormous and increasing domestic market, market possibilities is India's highest-scoring category. Global geopolitical events, particularly tensions between the United States and China, have helped India.


"Global manufacturing supply chains have been undergoing turbulence over the last decade," according to the report. Geopolitical tensions between the United States and China, the increased adoption of e-commerce, the covid-19 epidemic, and the Russia-Ukraine war have prompted a reassessment of tactics for reshoring sourcing, supply route diversification, and manufacturing localization. Many businesses are concerned about their supply chain's reliance on China, "the world's factory," and are implementing or considering "China plus one" strategies targeted at expanding production across numerous markets."


India's allure to investors stems from its robust, stable economy and access to a vast manpower supply. Furthermore, governmental reforms are making it simpler to do business in India, and EIU researchers predict considerable improvements in infrastructure, taxation, and trade regulation, which would stimulate investment.


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