Coming out with corrected Doing Business rankings following review of data irregularities, the World Bank has said that China’s ranking would have been lower by seven notches in the index for 2018. India maintained its spot on the list.
Besides China’s, the World Bank has corrected the Doing Business rankings of Saudi Arabia, United Arab Emirates and Azerbaijan.
In August, the World Bank had decided to pause the publication of its Doing Business report following a number of irregularities regarding changes to data in previous reports.
The review details the irregularities and required corrections affecting the data for four countries --China, United Arab Emirates, Saudi Arabia, and Azerbaijan, World Bank said in a statement dated December 16.
The review kept the ranking of UAE unchanged at 16 in Doing Business 2020, while it marginally lowered the ranking of Saudi Arabia to 63 from 62.
The ranking of Azerbaijan has been improved to 28 from 34.
As per the ‘Doing Business’ 2020 report, India had jumped 14 places to the 63rd position on the ease of doing business ranking. India has improved its rank by 79 positions in five years (2014-19).