Indian firms get approvals faster than World Bank suggests

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Enterprises in India take considerably less time in obtaining approvals than reported by the World Bank data, the NITI Aayog said on Tuesday.

According to the NITI Aayog's "Ease of Doing Business" survey, which covered over 3,000 enterprises, the average time taken to set up a business in India was 118 days. For construction permits, it took even lesser time with an average of 112 days, the survey report said.

"In some states such as Madhya Pradesh and Bihar, getting a construction permit takes even fewer days," the Mayor said in a statement.

However, according to the World Bank's 2017 Doing Business report, the time taken for getting construction permits was 190 days, it said, adding: "Thus, it appears that the actual experience of enterprises is better than the survey results of the World Bank."