By Rachel Lee
India has leapt 30 positions to rank 100 in the World Bank's "Doing Business Report 2018," becoming a big improver, the Embassy of India said.
According to the bank, economies are ranked on their ease of doing business, using 10 parameters. A high ease of doing business ranking means the regulatory environment is more conducive to starting and operating a firm.
The Doing Business Team assesses 190 countries.
"The credit for the improvement is given to the mantra of ‘Reform, Perform, Transform' by Prime Minister Narendra Modi, wherein a strong leadership has provided the political will to carry out comprehensive and complex reforms, supported by a bureaucracy committed to perform," the embassy said.
"The government has undertaken an extensive exercise of stakeholder consultations, identification of user needs, government process re-engineering to match government rules and procedures with user expectations and streamlined them to create a more conducive business environment.
"An extensive exercise has also been undertaken to increase awareness among users about reforms to ensure extensive use of newly created systems."
India has leapt 30 positions to rank 100 in the World Bank's "Doing Business Report 2018," becoming a big improver, the Embassy of India said.
According to the bank, economies are ranked on their ease of doing business, using 10 parameters. A high ease of doing business ranking means the regulatory environment is more conducive to starting and operating a firm.
The Doing Business Team assesses 190 countries.
"The credit for the improvement is given to the mantra of ‘Reform, Perform, Transform' by Prime Minister Narendra Modi, wherein a strong leadership has provided the political will to carry out comprehensive and complex reforms, supported by a bureaucracy committed to perform," the embassy said.
"The government has undertaken an extensive exercise of stakeholder consultations, identification of user needs, government process re-engineering to match government rules and procedures with user expectations and streamlined them to create a more conducive business environment.
"An extensive exercise has also been undertaken to increase awareness among users about reforms to ensure extensive use of newly created systems."
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