India best performing country in South Asian region in terms of trade facilitation: UNESCO

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The total score that India has got is more than many developed countries including Canada, France, UK, Germany etc.

The United Nations Economic and Social Commission for Asia Pacific (UNESCAP) has said that India is now the best performing country in the South-Asian region in terms of ease of doing business. According to the latest Global Survey on Digital and Sustainable Business Facilitation by UNESCO, India has made a significant improvement in its position as compared to the year 2021. This year’s survey covers over 140 economies and evaluates 60 trade facilitation measures. The survey places India at the forefront of global trade facilitation efforts with an improved score of 93.55 per cent in 2023 as compared to a score of 90.32 per cent in 2021.

The recent survey acknowledged India’s extraordinary progress in various sub-indicators.According to this, India has achieved a score of 100 percent in four major areas – transparency, formalities, institutional arrangement and cooperation and paperless trade. These notable points reflect India’s tireless efforts in streamlining trade procedures, increasing transparency and promoting cooperation among related parties through measures such as the Single Window System for Trade Facilitation (SWIFT), ‘Pre-arrival Data Processing’, coordinated border management. There is evidence of effort.

India has achieved a score of 77.8 percent in 2023 in terms of ‘Women in Business Facilitation’, which was 66.7 percent in 2021. It reflects the commitment towards gender inclusivity and women empowerment in the business sector. Citing the report, the Finance Ministry said, “India is now the best performing country among all countries in the South Asia region. The total score that India has got is more than many developed countries including Canada, France, UK, Germany etc.

Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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