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Boost for Modi Govt: India ranks 100 in World Bank’s ‘ease of doing business

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Washington/New Delhi: India has jumped 30 places to 100th position in the World Bank’s ‘ease of doing business’ ranking, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution.

The ranking comes as a shot in the arm for the Narendra Modi government amid dissenting voices in certain quarters about the implementation of the Goods and Services Tax (GST) as well as demonetisation.Finance Minister Arun Jaitley while addressing a press conference on Tuesday said that “this is the highest jump any country has made in the doing business rankings.” In “resolving insolvency” parameters, India has jumped 33 places and is now ranked 103, he added.

Speaking on the development, Prime Minister Narendra Modi tweeted: “Historic jump in ‘Ease of Doing Business’ rankings is the outcome of the all-round & multi-sectoral reform push of Team India.”

Read more: http://www.deccanchronicle.com/business/economy/311017/in-world-banks-ease-of-doing-business-india-reaches-100th-position.html

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