Prime Minister Narendra Modi today has set an ambitious deadline of December-end to implement as many business reforms as possible on the ground so that India could break into the top 50 of the World Bank Ease of Doing Business next year. Adressing India Inc at ‘Reflections on Ease of Doing Business’ programme, the prime minister said that within four years, there has been a 180-degree change in the country.
“We are at the 77th rank from 142nd rank in ‘Ease of Doing Business’. It’s a record for the country,” Modi said. India this year jumped 23 ranks to secure 77th rank at the elite index by making a slew of business-related reforms including Goods and Services Tax (GST) and Insolvency and Bankruptcy Code.
#WATCH: PM Modi speaking at “Reflections on Ease of Doing Business” program in Delhi https://t.co/P3xlRJTdcA
— ANI (@ANI) November 19, 2018
Also Read: Ease of Doing Business: Giant leap for India; to enter top 50, work on these areas, says Jaitley
“As per the analysis of Moody’s and World Economic Forum, India’s rank has either gone up or is in the process of rising. Now, our aim is to take India in the five trillion dollar club. To achieve this, we have to improve in all the sectors of the economy,” Modi said at the event.
The event was organised by the Department of Industrial Policy and Promotion. Industrialists like Anand Mahindra and top representatives from industry chambers CII, FICCI and Assocham reportedly attended the event.