EODB index is a ranking system established by the World Bank Group. In the EODB index, ‘higher rankings’ (a lower numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
The research presents data for 189 economies and aggregates information from 10 areas of business regulation:
Starting a Business
Dealing with Construction Permits
Protecting Minority Investors
Trading across Borders
Rankings and weightages on each of the above mentioned parameters are used to develop an overall EODB ranking. A high EODB ranking means the regulatory environment is more conducive for starting and operating of businesses.
India's EODB Ranking
Among the chosen 190 countries for this index, India was ranked 134 in 2015 on the World Bank’s Doing Business index. Since then there has been a remarkable improvement to 63 in 2019.
Since 2014, the Government of India launched an ambitious program of regulatory reform aimed at making it easier to do business in India. The program represents a great deal of effort to create a more business-friendly environment.
The efforts have yielded substantial results with India jumping 4 places on the World Banks’ Doing Business rankings.
EDII Plan for EODB Improvement
Tamil Nadu has been ranked 14th All India vide the latest survey in 2019. EDII has set upon itself the task of organising workshops jointly with industry and government officials at District level to brainstorm and work out means of improving the EODB rankings through deeper understanding of the issues involved.
Any information on this program can be sought from Deputy Director (Programs) via email at email@example.com