New Delhi, Sept. 12 -- The World Bank's Ease of Doing Business 2019 report ranked India 77th among 190 countries, a 23-notch improvement from the previous year. Sure, India has a long way to go to be counted as one of the world's most attractive investment destinations. It now ranks between Uzbekistan and Oman. To achieve its ambition of becoming a $5 trillion economy by 2024-25 and doubling that in the next eight years, India certainly needs to claw its way further up the rankings.

There could be structural reasons for India remaining out of the top 50 nations in the ease of doing business, but the biggest challenge is regulatory, experts say. It is exhausting for businesses and individuals to navigate the regulatory gauntlet because of o...