India has jumped 30 positions to reach 100th rank in World Bank Doing Business 2018 report thanks to the policy reforms adopted by the central and state governments over the past four years.
India has improved its ranking on six out of the 10 parameters, which judged ease of doing business.
The report has been prepared through field surveys and interviews with corporate lawyers and company executives in Delhi and Mumbai.
Prime Minister Narendra Modi has hailed India’s historic jump of 30 ranks in the World Bank’s Doing Business Report, 2018.
While terming the improvement in the rankings as historic, the Prime Minister in a series of tweets, said that the jump is the outcome of the all-round and multi-sectoral reform push of Team India.
Historic jump in ‘Ease of Doing Business’ rankings is the outcome of the all-round & multi-sectoral reform push of Team India. pic.twitter.com/DhrEcuurgi
— Narendra Modi (@narendramodi) October 31, 2017
Commenting on the outcome of the report, Finance Minister Arun Jaitely said the report underlines that the government’s actions are moving in the right direction. He expected India will soon reach the 50th position.