Why is it in the news?
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According to the latest edition of the U.K. India Business Council’s Ease of Doing Business report, corruption is no longer among top 3 hurdles in doing business in India.
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The first U.K. India Business Council’s Ease of Doing Business report was launched in 2015.
More in the news
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In the first report launched in 2015, the number of companies that viewed ‘corruption’ as a major barrier were about 51%.
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There has been a considerable year-on-year fall in the number of companies from 34% in 2016 to 25% in 2017.
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This decline shows a major improvement, indicating that the government’s efforts to mitigate corruption appear to be delivering results.
U.K. India Business Council
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The UK India Business Council (UKIBC) is the premier membership-led organisation supporting the promotion of trade, business and investment between the two countries.
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UKIBC plays an influential role in creating and sustaining an environment in which free-trade and investment flourishes.
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Through its insights, networks, policy advocacy, services and facilities, the UK India Business Council supports UK businesses to achieve success.
Source
The Hindu.