PM aims for below- 50 ease of doing biz rank
New Delhi: Prime Minister Narendra Modi on Monday set an ambitious target of India breaking into top 50 nations on the World Bank’s ease of doing business ranking, highlighting his government’s achievement of improving the rank this year to 77th from 142 in 2014, among 190 nations.
Prime Minister Narendra Modi on Monday launched the ‘ Ease of Doing Business Grand Challenge’ during a meeting which he undertook with industry captains at his residence, where several of his cabinet colleagues were also present.
Official sources said that the objective of the challenge is to invite innovative ideas based on Artificial Intelligence, Internet of Things, Big Data Analytics, Blockchain and other cutting edge technology to reform government processes.
The platform for the grand shallenge is the Startup India Portal.
Addressing the participants before the meeting, Mr Modi complimented industry representatives and all others present, for their efforts in improving India’s ranking in “Ease of Doing Business ( EoDB).” Mr Modi recalled that when he had first articulated his vision for India to break into the Top 50 in EoDB rankings in the years to come, it was greeted with skepticism.
He added, however, that a great improvement is now visible in just four years as the EoDB rank has improved by 65 spots in this period.
The Prime Minister said India now ranks first in South Asia, and is just some steps away from the Top 50 target, and informed that the Union and state governments have both worked together towards improving EoDB, in the spirit of cooperative, competitive federalism.
The Prime Minister said that the Centre has laid stress on policy driven governance and predictable transparent policies. He said now even small entrepreneurs can do business more easily.
The Prime Minister said that organizations such as IMF and Moody’s, today appear confident and optimistic about India’s future.