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Just cracking the exam isn’t enough
Litmus test How easy MSMEs will find doing business will be crucial - Bijoy Ghosh×
How meaningful is India’s meteoric rise through the ease of doing business rankings?
If the Indian government was a student giving the Class 12 exams, it would be one of the increasing number of ‘toppers’ who are managing to score a perfect 100 per cent in all subjects at least as far as the ease of doing business rankings is concerned.
In the much touted and followed rankings brought out by the World Bank, India has, after Prime Minister Narendra Modi made going up the rankings a key focus area for his government, been simply rocketing up the rankings.
At a time the World Trade Organisation (WTO) is preparing to hunker down to debate a contentious proposal to grant a waiver on intellectual property rights (IPR) on Covid-19 vaccines, the Bombay Chamber of Commerce & Industry (BCCI) has injected an element of controversy at home by suggesting that the Modi government ought to explore the possibility of permitting the issue of compulsory licences so that other vaccine providers can produce Covaxin under the Indian Patent Act in order to boost its production.
There have been reports of a severe shortage of Covaxin and the chamber’s proposal which mirrors the position that India is going to adopt before the WTO could open up a heated debate here as well.