Matthew Lillehaugen and I have a new column, appearing in Mint and the Ideas for India blog, on the World Bank’s Doing Business indicators. The 2018 edition of the annual rankings comes out this week and India is expected to improve its traditionally lackluster performance.

In advance of the anticipated data release, we look at what the measures do and do not tell us. We do this by comparing the indicators to firm-level data from enterprise surveys. This chart summarizes what we find when we compare the Doing Business data (which capture de jure realities) with enterprise survey data (which capture de facto experience).

You can read the full piece here.