Ease of Doing Business is World Bank’s index of ranking various countries according to prevailing business regulations on the basis of 10 indicators.
Of these pointers, ‘contract enforcement’ is one. India fared extremely well in 2019 and even jumped 14 places and was ranked 63 in the list.
It did not do well in the contract enforcement indicator. India continues to struggle with this and was ranked 163rd under this head.
As we look at shifting supply chains from China, it is important that we focus on some of the issues that have prevented us from improving our contract enforcements.