Uphill climb but surmountable: World Bank
The World Bank on Wednesday shared India’s optimism to improve its ranking to be in top 100 countries in terms of ease of doing business, on the back of planned measures such as introduction of goods and services tax (GST). The Bank, however, said it is a difficult task.
India’s position had stood at 130 in World Bank’s Doing Business 2016 report. India’s rank was at 142 in Doing Business 2015, which was revised to 134 due to a changed methodology.
Finance Minister Arun Jaitley said the improvement in ranking did not fully reflect the reforms initiated and the position will improve further next year. “I am grateful that the World Bank has recognised that India is now becoming an easier place to do business.
Source :- www.business-standard.com