Topic – Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
5) Although India’s jump in ease of doing business should be welcomed, the index itself is not immune to criticism. Analyze.(250 words)
Why this question
India climbed another 23 points in the World Bank’s ease of doing business ranking to 77th place, becoming the top ranked country in South Asia for the first time and third among the BRICS. In this context it is essential to know about the criticism faced by the bank.
Analyze-here we have to examine methodically the structure or nature of the topic by separating it into component parts, and present them as a whole in a summary.
Key demand of the question.
The question wants us to analyze India’s current position in EDB index, laud India’s performance and also discuss the criticism faced by the index.
Structure of the answer
Introduction– write a few introductory lines about the recent improvement in EDB.
- Briefly discuss why this improvement should be welcomed. E.g it will attract more investment; help the depreciating rupee; help towards structural reforms; boost entrepreneurship etc
- Discuss the criticism faced by the E.g A common criticism of the ranking is that it limits its sample size to just a few major cities, thus projecting an imperfect picture of overall business conditions. Others have wondered if governments may be gaming the rankings by tailoring their policies to specifically fit the World Bank’s criteria instead of trying to enact wider structural reforms. Another criticism is whether the bank is right to measure a country’s business environment based on written legal rules rather than investigating the actual ground conditions in which businesses operate. Many businesses, for example, may be able to bribe their way out of bad rules etc.
Conclusion- based on your discussion, form a fair and a balanced conclusion on the given issue.