As per the World Bank Ease of Doing Business Report 2019 India is rising to 77 among the 190 countries ranked.
Due to government welfare schemes people now a days get gas subsidy, widow pensions, PM Kisan funds, etc easily and on time.
About 39 per cent of respondents also said that it had become easier to get loans from banks-a somewhat surprising result considering the immense churn the banking sector has gone through in the past two years, with the crisis further aggravated by the pain in the shadow banking sector.
Non-performing assets (NPAs) at commercial banks amounted to Rs 9.34 lakh crore in March 2019, with public sector banks accounting for well over three quarters of that figure. These staggering NPAs had led banks to tighten their purse strings, cutting back on lending.
However, as mentioned earlier, the Modi government has been striving to improve the ease of doing business in the country. On that note, there is some good cheer-the World Bank Ease of Doing Business Report 2019 showed that India had jumped 23 positions against its rank in 2017, rising to 77 among the 190 countries ranked.
Meanwhile, the direct transfer of subsidies to beneficiaries seems to be working. To a question on whether they received their cash entitlements from government welfare schemes (gas subsidy, widow pensions, PM Kisan funds, etc.) easily and on time, a majority of the respondents-59 per cent-replied in the affirmative.