Ease of Doing Business in India – A Critical Assessment

ISBN Number : 978-93-5367-586-8

Library Price : Rs.1040

Library Dollar Price : 42$

Book Edition : First

Year of Publication : 2019

No. Of Pages : 204

Book Weight :0

About The Book

This book is an outcome of the research study on Ease of Doing Business conducted by the Lal Bahadur Shastri Research Centre on Public Policy and Social Change (LBSRC), the research arm of the Lal Bahadur Shastri Institute of Management (LBSIM), Delhi. The LBSRC at the instance of the Institute of Cost Accountants of India – Management Accounting Research Foundation (ICWAI – MARF), Delhi conducted the study in Delhi-NCR and Mumbai in 2017 with the mandate to find out the status of respondents' awareness in respect of the business regulations and reforms introduced by the government in respect of three business parameters, namely, Stating a Business (SB), Protecting Minority Investors (PMI), and Resolving Insolvency (RI); critically assess the status of implementation of the business regulations and reforms so introduced in terms of observance of the prescribed procedures, processes and the time and money spent on these accounts; and finally, to suggest suitable remedial measures to concerned stakeholders for making doing business easy in India. Global ranking in Ease of Doing Business index sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant regulations.

Since the scope of the research study entrusted to LBSRC was very limited, therefore, a holistic perspective on the subject was undertaken for the advantages of readers, researchers and other stakeholders by covering the entire spectrum of business regulations and reforms introduced by the government in respect of all the 10 business parameters included in the World Bank annual survey on Ease of Doing Business (EODB).

As per the research findings, it has been concluded that in view of the aggressive and bold policy decisions and measures taken by the central government and the concerted efforts made by the respective agencies / departments for making doing business easy in the country, in the World Bank 2018 survey India performed well on various business parameters and thus figured at 100th rank globally. Constructing on the highly encouraging feedback received from different stakeholders across the verticals, the study has made several suggestions and recommendations with the valid expectations that the findings of the study will hold good for fastening the belt by the concerned agencies / departments. The study has also strongly presumed that with the given prevailing vigor and tempo, by 2020, India will rank among the first 70-80 counties globally. This expected attainment of India is not on the very high optimistic side and can be very well judged against its global rankings over the years. Further, in the 2018 ranking, India also got a recognition as one of the most improved economies in 2016-2017along with other nine countries which together implemented 53 regulatory reforms making it easier to do business.

 

Contents -

Prologue
PART – I
1. Indian Economy: The Road Ahead*
2. Doing Business (DB) in India: An Introduction
3. India's Economic Profile, 2019
4. Starting a Business (SB): Indian Performance (2014 -19)
5. Protecting Minority Investors (PMI): India's Performance (2014 -19)
6. Resolving Insolvency (RI): India's Performance (2014-19)
7. Research Objectives, Methodology, Analysis and Findings
8. Conclusions and Suggestions
Annexures
PART – II
Twin Balance Sheet Problem and NPS
Infrastructural Bottlenecks and Capacity Buildings Endeavours
Top Achievers' Nine States: Profiles and Policies Measures Taken for Facilitating EODB
Top Achievers' Nine States: Policies Measures Taken for Facilitating EODB
Ease of Doing Business (EODB )– Experiences of Young Professionals / Entrepreneurs
Summing Up

About The Author

Prof. Ravindra Kumar holds M.A. (Psychology), Dip. in Labor Laws, and MBA and Ph.D. in Management from IIT, Delhi. Currently, he is serving as Fellow and heading Lal Bahadur Shastri Research Centre for Public Policy and Social Change (LBSRC), a Research Arm of Lal Bahadur Shastri Institute of Management (LBSIM), Delhi.

His prior engagement includes VC, Shri Venkateshwara Open University, Itanagar, Arunachal Pradesh. Earlier, he served UGC and AICTE, NCERT, IIT/D, NIPCCD, etc. in different capacities and introduced many innovative work practices, which resulted into substantial savings in public expenditure. His efforts in streamlining delivery mechanism in higher and technical education received applause from many eminent personalities.

Prof. Kumar is a prolific writer and has several research papers to his credit in referred national and international journals, conducted FDPs / seminars / conferences / dialogues, delivered keynote addresses as well as Convocation Addresses, and has been conferred with various awards, recognition and appreciations. He has provided consultancy to reputed B-Schools on a variety of academic matters. His areas of research interest include quality research, students truancy, students capability building and industry expectations, socially responsible products, and empowerment of vulnerable sections of the society. He has produced four doctoral scholars and his three more scholars, including one foreign diplomat, are likely to earn their doctorate degrees shortly.

Dr. G.L. Sharma is an eminent professor of Finance and Accounting and is presently serving Lai Bahadur Shastri Institute of Management, Delhi. He is M.Com., Ph.D. from University of Rajasthan and has been in teaching and research for over four decades. During 1982-1985 he was a Reader in Finance, Department of Business Administration, Ahmedu Bello University, Zaria, Nigeria. He also completed a Research Project on ‘Institutional Financing of Small Scale Industries in Nigeria with special reference to Northern States (A Comparative Study of Nigeria and India)’. He has published 6 books including Advanced Cost Accounting, Cost Analysis & Control - A Managerial Approach and Theory & Techniques of Cost Accounting. He has jointly edited three books – ‘Corporate Finance: Emerging Options’, ‘Contemporary Issues in Business Finance & Taxati’ and a book on ‘Leveraging Human Potential for Excellence’. He has contributed large numbers of research articles in leading Journals. Currently, he is working on research project ‘Activity Based Costing in Indian Industry’. Dr. Sharma is a co-author of Implementation of National Rural Employment Guarantee Scheme: A case study of Uttar Pradesh. Dr. Sharma is co-author of a nation-wide research project on Mahatma Gandhi National Rural Employment Guarantee Scheme conducted by LBSIM in the states of Andhra Pradesh, Orissa, Gujarat, Madhya Pradesh, UP, Orissa and Haryana. The research report was released by the Vice President of India in March 2010.

Dr. Sharma is the Managing Editor of LBS Journal of Management & Research. He is Secretary General of Indian Financial Management Association and also Managing Editor of Indian Journal of Finance & Research. He has widely traveled both in India and Abroad. Dr. Sharma is currently Advisor: Corporate Interface at the LBSIM, Delhi.

Ms. Sheetal, B.Tech., MBA, M.A. (Psychology-pursuing), Ph.D. (Thesis submitted) is serving as Research Associate in Lal Bahadur Shastri Research Centre for Public Policy and Social Change (LBSRC), the Research Arm of Lal Bahadur Shastri Institute of Management (LBSIM) Delhi. She has nine years experience as researcher, Assistant Professor and Head, Management Department in a premier B-School. She cleared National Eligibility Test (NET) in 2016 and has completed short-term courses in the area of Research and Human Resource Management from IIT, Roorkee and IIT, Kharagpur. She has presented research papers in national and international conferences held at IITs, IIMs and other repute organizations and published in referred research journals. She has served as resource person in Faculty Development Programs, Soft Skill Trainings and Research Workshops.

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