200 reforms to put India in top 50 of WB ranking
The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top50 bracket in ease of doing business, according to Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek.
“We have already implemented 122 reforms this year, and are working with World Bank to recognise these. We will further initiate 90 more ease of doing business reforms this year,” Abhishek told reporters on the sidelines of the CII Invest North conclave.
India on Tuesday had jumped 30 places to rank 100th in the World Bank’s ‘ease of doing business’ ranking, helped by a slew of reforms in taxation, licensing, bankruptcy resolution and so on.
The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top50 bracket in ease of doing business, according to Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek.
“A jump of 30 positions in the World Bank rankings is extremely commendable. Now the aim is to move into the top-50 countries bracket,” he added.
Mr Abhishek said his department has already started meeting stakeholders and taking feedback from them on the reform measures taken to improve the business climate further. “This exercise has helped us a lot. This time we focused mainly on taking feedback from stakeholders. All nodal ministries were taking feedback,” he said.
The secretary also said the report has acknowledged that GST is a substantial reform and “hopefully it will have a positive impact”.