New Delhi: India improved its rankings in the ease of doing business last year. The World Bank Group’s Doing Business 2018: Reforming to Create Jobs report ranked India at 100, a move up by 30 places from the previous year. The report also applauded the efforts and stated that India had implemented reforms in eight out of 10 Doing Business indicators.
“Now that companies are finding it easier to operate in India, we had hoped that this would be all the more reason for them to make their business practices more responsible. But not much has changed in three years,” said Tom Thomas, chief executive of Praxis, a development support organization, and convener, Corporate Responsibility Watch.
However, the findings of the third edition of the India Responsible Business Index (IRBI) 2017, to be released on Tuesday, 27 February, indicate not much has changed on the ground. If anything, there are indications that responsible business practices have become less robust. [Read More]