Compared to two indicators last year, this year the report recognizes India for reforms on four indicators -Getting Electricity, Paying Taxes, Trading Across Borders and Enforcing Contracts.

In fact, India's rank has improved dramatically in the Getting Electricity indicator, from 137 in Doing Business 2015 to 26 in Doing Business 2017 - a 111 rank improvement in just two years. Last year India was recognized for reforms in Starting a Business and Getting Electricity.

India currently ranks in the top 50 economies in the world on three of the ten indicators - Getting Credit, Protecting Minority Investors and Getting Electricity.

"The Government of India has undertaken significant steps to improve the ease of doing business. Effective implementation of some of the deeper and more medium-to-long term reforms will lay the groundwork for a better business climate in future," said Rita Ramalho, Manager of the Doing Business project. "These reforms have not found due reflection in this year's report as such complex reforms take time to be adopted in full measure. The report's cut-off date of May 31 also meant that the impact of some of these reforms were yet to be fully felt by the majority of businesses," said Ramalho.

Elaborating on the reforms for which India was recognized this year, the report highlights that India made getting electricity faster and cheaper by streamlining the process of getting a new commercial electricity connection. It has made paying taxes easier by introducing an electronic system for paying employee state insurance contributions. 

It has made exporting and importing easier by launching the Customs Electronic Commerce Interchange Gateway (ICEGATE) portal for electronic e-filing and simplifying border and documentary procedures and has made enforcing contracts easier by creating dedicated divisions to resolve commercial cases.

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