Good News: India Climbs 73 Spots In World Bank’s Electricity Accessibility List

The Logical Indian Crew

May 18th, 2017 / 12:46 PM

World Bank’s Electricity

Courtesy: Economic Times | Image Credit: News Hunt | Times Now

India has climbed up to the 26th position in World Bank’s electricity accessibility ranking – up 73 spots from the 99th rank in 2014.

The ranking list tracks the procedures, time, and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse. In addition to assessing efficiency of connection process, reliability of supply and transparency of tariff index measures reliability of power supply and transparency of tariffs and the price of electricity. The most recent round of data collection for the project was completed in June 2016.


Datadoingbusiness

The entire World Bank ranking can be read here.

Power Minister Piyush Goyal was ecstatic about the development. He said, “Our ranking has improved to 26 position from 99. So, it is truly very redeeming feature and satisfying for me that Prime Minister’s vision particularly to take electricity to every home, particularly to make electricity access very easy, particularly to make energy affordable is being furthered very rapidly.”

Mr Goyal also exuded confidence that by 2019, three years ahead of its original schedule, the government would able to take power to every household. He said that the government was closely working with the states to see that electricity was made available on tap.

“A person should be able to apply for electricity connection. If there is infrastructure available… get it in 24 hours. If an infrastructure needs to be created he should get in less than one week,” the minister said.

The government’s rural electrification programme is proceeding swiftly, with over 13,000 villages electrified out of a total of 18,452 and is on track for completion within the targeted 1,000 days.


The World Bank list

Doing Business records all procedures required for a business to obtain a permanent electricity connection and supply for a standardiSed warehouse. These procedures include applications and contracts with electricity utilities, all necessary inspections and clearances from the distribution utility and other agencies, and the external and final connection works. The questionnaire divides the process of getting an electricity connection into distinct procedures and solicits data for calculating the time and cost to complete each procedure.

The ranking list tracks the procedures, time, and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse. In addition to assessing efficiency of connection process, reliability of supply and transparency of tariff index measures reliability of power supply and transparency of tariffs and the price of electricity. The most recent round of data collection for the project was completed in June 2016.

This is important because infrastructure services (or lack thereof) are a major concern for businesses around the world. Unreliable electricity supply and high tariffs, in particular, can be hurdles to entrepreneurial activity. According to 2016 World Bank Enterprise Survey data for 139 economies, business owners find electricity services as the third biggest obstacles to their activities.


Doing Business measures the connection process at the level of distribution utilities.DoingBusiness

The entire World Bank ranking can be read here.

 


Contributors

Written by :

Edited by :

Share your thoughts..

Related Stories

Indian Ranks Human Capital Index

India Ranks 158th In The World Human Capital Index: World Bank

India Dangerous Women

India Tops In World’s Most Dangerous Countries For Women; This Is Why India Is On The List

world bank

Good News: India Jumps 30 Places In Ease Of Doing Business According To World Bank Report

India Jumps 16 Spots To Rank 39 In World Economic Forum’s Global Competitiveness Index

Indian Football Team Climbs Eleven Places To Be 152nd In The Latest FIFA Ranking

Brexit

Know How Brexit Could Impact India And The Good News For India Inc In Brexit

Latest on The Logical Indian

Fact Check

Fact Check: From Kanhaiya Kumar Embracing Islam To “Photo” Of Tipu Sultan

Awareness

Polio Vaccine Price Hiked; Govt Seeks Rs 100 Crore From A Foreign Donor

News

89 Fake Websites/Apps Spreading Misinformation On ‘Ayushman Bharat’, FIR Registered

Awareness

To Reduce Stubble Burning, IKEA Decides To Convert Rice Straw Into Household Wares

News

Pune: Man Duped Of Rs 93 Lakh After Sharing SIM Details With ‘Airtel Employee’ Over Phone

News

Andhra Pradesh Bars Entry Of CBI In State, Cites ‘Ongoing Battle’ Within CBI As Reason

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.