Which factor can be highly supportive in achieving economic growth ra

1.	Which factor can be highly supportive in achieving economic growth rate of 8% or more in the near future in India ?1.Fast skill development of labour force in the country2.Implementation of all stalled productive projects3. Increasing Ease of Doing Business at a rapid rate4. Promulgation of GST from April 1, 2016 without further delay
Answer» Correct Answer - Option 3 : Increasing Ease of Doing Business at a rapid rate The correct answer is Increasing Ease of Doing Business at a rapid rate. India jumps to 63rd position among 190 countries in World Bank's Ease of Doing Business 2020 report. According to the report, New Zealand retained its 1st position whereas Somalia was ranked at 190th spot. India’s score improved from 67.23 in the previous year to 71.0 this year. India for the third consecutive year was present in the list of 10 economies where the business climate has improved the most. India’s ranking improved basically on four parameters Starting a Business Dealing with Construction Permits Trading across Borders Resolving Insolvency The report measures the performance of countries across 10 different parameters namely Starting a Business Dealing with Construction permits Electricity availability Property registration Credit availability Protecting minority Investors Paying Taxes Trading across borders Contracts enforcement Resolving Insolvency.

Which factor can be highly supportive in achieving economic growth rate of 8% or more in the near future in India ?1.Fast skill development of labour force in the country2.Implementation of all stalled productive projects3. Increasing Ease of Doing Business at a rapid rate4. Promulgation of GST from April 1, 2016 without further delay

Answer» Correct Answer - Option 3 : Increasing Ease of Doing Business at a rapid rate

The correct answer is Increasing Ease of Doing Business at a rapid rate.

India jumps to 63rd position among 190 countries in World Bank's Ease of Doing Business 2020 report.
According to the report, New Zealand retained its 1st position whereas Somalia was ranked at 190th spot.
India’s score improved from 67.23 in the previous year to 71.0 this year.
India for the third consecutive year was present in the list of 10 economies where the business climate has improved the most.

India’s ranking improved basically on four parameters
- Starting a Business
- Dealing with Construction Permits
- Trading across Borders
- Resolving Insolvency
The report measures the performance of countries across 10 different parameters namely
- Starting a Business
- Dealing with Construction permits
- Electricity availability
- Property registration
- Credit availability
- Protecting minority Investors
- Paying Taxes
- Trading across borders
- Contracts enforcement
- Resolving Insolvency.