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Published in:

Volume 5 Issue 12
December-2018
eISSN: 2349-5162

Unique Identifier

JETIR1812B76

Page Number

603-610

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Title

A Bird’s eye view on Ease of Doing Business (EODB)

ISSN

2349-5162

Cite This Article

"A Bird’s eye view on Ease of Doing Business (EODB)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.603-610, December-2018, Available :http://www.jetir.org/papers/JETIR1812B76.pdf

Abstract

“Struggle for the existence and survival for the fittest become order of the day”. This can be squarely applies to the domestic and international business also. It is a fact that there is a one to one relationship between EODB and good economic outcomes such as a higher level of GDP per capita or a higher growth rate. To substantiate the same, a Wall Street Journal Column by economist John Coherence said that there is a tight correlation between the GDP per capita, as measured by its natural logarithm, and the World Bank’s “ distance to Frontier (DTF)” Index, which is derived from the better known ranking of countries, when comparing across a large set of advanced and emerging economics at a point of time. In particular, higher GDP per capita correlates well with a higher DTF scores, and vice versa Like-wise, the economist Bradford Delong said that a better business environment leads to higher GDP Per capita. Thus better EODB leads to higher GDP per capita and vice versa. Raison d’etre, our daring dashing and dynamic Prime Minister of India, Narendra modi has affirmed on myriad occasions his desire to make India a global manufacturing hub and provide gainful employment to all Indians. Due to his strenuous exertions, now India scored 100th rank out of 190 countries across the globe as far as EODB is concerned which is heartening to note here. Against this backdrop, an exertion has been initiated to focus a bird’s eye view on the introduction, present and future trends, challenges, and suggestions followed by a logical conclusion.

Key Words

EODB, DTF, GDP, World Bank Group (WBG), DB measures.

Cite This Article

"A Bird’s eye view on Ease of Doing Business (EODB)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp603-610, December-2018, Available at : http://www.jetir.org/papers/JETIR1812B76.pdf

Publication Details

Published Paper ID: JETIR1812B76
Registration ID: 194411
Published In: Volume 5 | Issue 12 | Year December-2018
DOI (Digital Object Identifier):
Page No: 603-610
ISSN Number: 2349-5162

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Cite This Article

"A Bird’s eye view on Ease of Doing Business (EODB)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp603-610, December-2018, Available at : http://www.jetir.org/papers/JETIR1812B76.pdf




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