Good news for most but terrible news for someAfter the demonetization, we, the common people of India, heard that this measure would cause a terrible damage to agriculture, industry, business, service sector everything. Some economists and journalists wrote almost a million of pages informing us about the bad effects of demonetization. We listened to thousands of debates on television condemning the step taken by the present Government.
But now, we have been receiving different information. Two days ago, the World Bank released its latest Doing Business Report (DBR, 2019) in New Delhi. As per the report, India jumped 23 positions in the World Bank's Ease of Doing Business Index and is now ranked 77 out of 190 countries in 2018, a development that will definitely help the country attract more foreign investments. Last year also, the country a leap of 30 places. Further, India has improved its rank by 53 positions in the last two years and 65 positions in the last four years. So, during the present regime, India has consistently improved its position on this index.
It is a good news for most of us. But definitely, it is a terrible information for some people. Now, let's see how these 'eminent people' condemn this ranking, that index and finally the World Bank.