{"id":33706,"date":"2018-10-30T14:05:09","date_gmt":"2018-10-30T08:35:09","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=33706"},"modified":"2018-10-30T14:05:09","modified_gmt":"2018-10-30T08:35:09","slug":"memo-to-the-world-bank","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/memo-to-the-world-bank\/","title":{"rendered":"Memo to the World Bank\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/indianexpress.com\/article\/opinion\/columns\/memo-to-the-world-bank-ease-of-doing-business-rankings-india-demonetisation-4955982\/\"><span style=\"font-weight: 400;\">Memo to the World Bank<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India has been admitted to the top 100 nation club for Ease of Doing Business by the World Bank league.<\/span><\/li>\n<\/ul>\n<p><b>Why is in news?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">For the first time ever, India has <\/span><b>jumped 30 positions to become the top 100th country in terms of ease of doing business ranking this year<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This was announced by the <\/span><b>World Bank Group&#8217;s latest Doing Business 2018: <\/b><span style=\"font-weight: 400;\">Reforming to Create Jobs report in Delhi on 31, October 2017.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The World Bank has attributed the change in India ranking to <\/span><b>the sustained business reforms it has undertaken.<\/b><\/li>\n<\/ul>\n<p><b>What India needs to do to be a part of top 80 nation club?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India\u2019s policymakers need to <\/span><b>find the weaknesses of the countries above it and make a strong case to press for India\u2019s competitive advantage.<\/b><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The country strictly needs to <\/span><b>go by the parameters of the World Bank for it insists on its own formula regardless of the country\u2019s rich history.<\/b><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India has to <\/span><b>compete with Bhutan for a higher ranking and for precious foreign investment<\/b><span style=\"font-weight: 400;\">. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There are <\/span><b>broader injustices that should be addressed in the memo to the World Bank<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Memo to the World Bank\u00a0 Context: India has been admitted to the top 100 nation club for Ease of Doing Business by the World Bank league. Why is in news? For the first time ever, India has jumped 30 positions to become the top 100th country in terms of ease of doing business ranking this&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/memo-to-the-world-bank\/\">Continue reading <span class=\"screen-reader-text\">Memo to the World Bank\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-33706","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704904060},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=33706"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33706\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=33706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=33706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=33706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}