USIBC lauds India’s rise in World Bank’s ease of doing business index

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Published: October 30, 2015 9:24:22 AM

The U.S.-India Business Council (USIBC) has applauded the Government of India's efforts for undertaking significant efforts, resulting in improvements in India's ranking on the World Bank's "Ease of Doing Business" index.

The U.S.-India Business Council (USIBC) has applauded the Government of India’s efforts for undertaking significant efforts, resulting in improvements in India’s ranking on the World Bank’s “Ease of Doing Business” index.

The President of USIBC Mukesh Aghi said that improvement in India’s position in the index sends a crystal clear signal that India is open for business.

“The improvement in India’s position in World Bank’s Ease of Doing business index sends a crystal clear signal that India is open for business at a time when economic opportunity is certainly welcome,” said Aghi.

“We commend Prime Minister Modi and his Cabinet for their efforts in seeing important reforms through, improving the overall investment sentiment and attracting long-term foreign investment in India,” he added.

He said that Centre’s recent initiaves gives clear indication that the Prime Minister is committed to delivering on his promises and creating more jobs and prosperity for the citizens.

“Government of India initiatives to provide greater tax clarity through moves like forming a body to simplify income tax laws, the recent MAT ruling, allowing businesses to start with ease, speedy settlement of commercial disputes are clear indications that the Prime Minister is committed to delivering on his promises and creating more jobs and prosperity for the citizens of the country,” he said.

“The Council now eagerly awaits a successful conclusion of the government- to -government trade policy forum dialogue as well as the passage of the GST bill,” he added.

Aghi further said that the USIBC looks forward to a strong partnership with India’s ambitious and important economic trajectory and will continue to advocate for the global investment community to view this improvement as a sea-change signal for India’s investment climate across all sectors.

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