India’s current standing in the World Bank’s Doing Business Report
released on 31.10.2017
The recent World Bank’s Doing Business Report, released on 31st October 2017, acknowledges that India has jumped 30 places to stand at 100 in the new rankings. This is historic for it is the highest jump by any country in the doing business sector and acknowledges India’s reform trajectory under the leadership of Prime Minister of India, Mr. Narendra Modi. The jump signified rapid strides made by India in the realm of Paying Taxes and Insolvency and Bankruptcy reforms. The full text of the Ease of Doing Business Report is available on the following weblink:
http://francais.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/Annual-Reports/English/DB2018-Full-Report.pdf
2. Prime Minister Narendra Modi, in a series of tweets, has said:
“Historic jump in ‘Ease of Doing Business’ rankings is the outcome of the all-round & multi-sectoral reform push of Team India.”...
“Easier business environment is leading to historic opportunities for our entrepreneurs, particularly MSME sector & bringing more prosperity.”...
“Over the last 3 years we have seen a spirit of positive competition among states towards making business easier. This has been beneficial.”...
“It has never been easier to do business in India. India welcomes the world to explore economic opportunities our nation has to offer!”…
“Guided by the Mantra of ‘Reform, Perform & Transform’ we are determined to further improve our rankings & scale greater economic growth”
3. The Finance Minister of India addressed a press conference at 1730 hours (IST) on 31 October 2017 highlighting India’s performance. The details are available on: https://youtu.be/znqgmHEYZqs
4. The Government of India also released a press statement on the outcomes of report: http://pib.gov.in/newsite/erelease.aspx?relid=173116
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