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Nepal Jumps 16 Places to Secure 94th Rank in World Business Index

Nepal Jumps 16 Places to Secure 94th Rank in World Business Index

Nepal’s efforts for all-round development is becoming evident with the number of recognitions it has been receiving recently, internationally.

The latest achievement is its World Business Index ranking, wherein the World Bank (WB) has ranked Nepal 94th out of the 190 countries, worldwide.

As per the Doing Business Report 2020 released by WB, Nepal has scored 63.2 points on the world scoring and has been ranked 94th.

The country has drastically improved its ranking from 2019, when it was ranked 105th and given 59.63 points. A review of the past three years shows that Nepal’s ranking made major strides from 110 in 2018 to 105 in 2019 to 94 in 2020.