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                    Table 2: Comparison of regulatory standards and regulatory enforcement in 2020

              Rank                    US   UK Singapore Canada Brazil Russia     China    South   India
                                                                                          Africa
              Regulatory Enforcement   20  13      3        11      60     73      67      45       74
              Government regulations   20  11      5        12      62     47      63      92      104
              are effectively enforced

              Government regulations
              are applied and enforced   16  9     4         8      64     83      63      59      107
              without improper influence
              Administrative
              proceedings are conducted   33  13   1        17      124    24      23      48       89
              without unreasonable delay
              Due process is respected in   18  12  7        5      55     97      98      25       45
              administrative proceedings
             Source: World Justice Project (2020)


             6.5  The same conclusion can be derived from various World Bank studies. Its Regulatory
             Quality  Index  shows that  despite  improvement  in India’s regulatory  quality  since  2013
                           2
             (Figure 1), it is still much lower than UK, US, Singapore, Japan etc. (Figure 2). Similarly,
             the World Bank’s Ease of Doing Business (EoDB) report (2020) shows that despite making
             huge strides in the overall EoDB rank, India still lags behind in the sub-categories ‘Starting a
             business’ and ‘Registering Property’ where the country’s rank is 136 and 154 respectively. The
             report points out that this is due to the high number of procedures required to legally start and
             formally operate a company as well as the time and cost consumed to complete each procedure.

                      Figure 1: Regulatory Quality              Figure 2: Cross country comparison
                                in India                          of regulatory quality (as of 2019)


                   50                                          100
                                                                90
                                                                80
                   45                                           70
                 Percentile rank  40                          Percentile rank  50
                                                                60
                                                                40
                                                                30
                                                                20
                   35
                                                                 0
                   30                                           10            UK  US     India

                   25                                                 Singapore  Canada  South Africa  Brazil  China  Russia
                       1996  2000  2003  2005  2007  2009  2011  2013  2015  2017  2019

             Source: World Bank (2019)
             Note: In Figure 1 and 2, higher number indicates improvement (unlike in other rankings)

             2 Regulatory Quality captures perceptions of the ability of the government to formulate and implement sound poli-
             cies and regulations that permit and promote private sector development. Estimate gives the country’s score on the
             aggregate indicator, in units of a standard normal distribution, i.e. ranging from approximately -2.5 to 2.5. This is
             a part of Worldwide Governance Indicators (WGI) of World Bank.
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