A development that will hardly put India at ease

On Thursday, the World Bank halted its annual publication, ‘Doing Business’ report, as it detected irregularities of data for a few countries. We have asked the World Bank Group’s independent Internal Audit function to perform an audit of the processes for data collection and review for Doing Business and the controls to safeguard data integrity.” Rankings and ‘Make in India’ Should we bother about it? Ease of Doing Business | To make it to top 50, India should focus on contracts, land administration: World Bank The World Bank decision to audit the ‘Doing Business’ report for the last five years may soon cause discomfort by shining a spotlight on the sharp rise in India’s ranking. He said, “Based on the things we were measuring before, business conditions did not get worse in Chile under the Bachelet administration,” He further added, “I didn’t do enough due diligence and later realised that I didn’t have confidence in the integrity” of the report’s data.” — World Bank Unfairly Influenced Its Own Competitiveness Rankings, The Wall Street Journal, January 2018. Time for a rethink To sum up, the World Bank’s decision to halt its annual ‘Doing Business’ report on account of data authenticity issues of some countries has implications for India.