Analysts of certain proclivities are making much of the fact that India is one of the world’s fastest growing economies, even though this statement reflects a deeply misleading picture of the business climate. This inclination to conflate comparative statistics and indices with notions of prosperity is risky because it can distort policy prescriptions.
For instance, the now defunct Ease of Doing Business (EoDB) ranking suggested that success in attracting global capital lay in fulfilling some hard metrics. But there are a host of other issues that global indices don’t capture but also go into creating a healthy business climate. The EoDB
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
