Adityanath hails ease of doing business rankings; says it was possible due to PM Modi’s fine leadership

01 November 2017, 10:23 AM
Adityanath congratulates PM Modi over ease of doing business rankings (File photo)
Adityanath congratulates PM Modi over ease of doing business rankings (File photo)

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday congratulated Prime Minister Narendra Modi and his government for achieving 100th position in ease of doing business rankings done by World Bank.

Adityanath said that this achievement was possible only because of PM Modi’s fine leadership and ability to take important decision. He added that India is headed towards becoming world superpower under the leadership of PM Modi.

UP CM said that Centre’s important decisions and works helped in creating positive environment for businesses and economic activities.

Adityanath said that they will try to take advantage of the positive environment by setting up new businesses in state by attracting investments. He added that India has now become an important destination for investments.

India on Tuesday jumped 30 places to rank 100th in the World Bank’s ‘ease of doing business’ ranking, sending the jubilant government to vow to continue reforms that will help the country break into top 50 in coming years.

India, which was ranked 142nd when the Narendra Modi government took office in 2014 and 130th last year, is the only large country this year to have achieved such a significant shift on the back of reforms in taxation, construction permits, investor protection and bankruptcy resolution.

The World Bank said it is “one of the top 10 improvers in this year’s assessment, having implemented reforms in 8 out of 10 ‘doing business’ indicators.” This is the first time India has broken into top 100 nations.

Reacting to the development, Prime Minister Narendra Modi said the government is determined to further improve the rankings and scale greater economic growth with the mantra of ‘reform, perform and transform’.

He hailed as “historic” the jump in India’s ranking in ‘ease of doing business’ and said it was a result of “all-round & multi-sectoral reform push”. 

First Published: Wednesday, November 01, 2017 10:19 AM
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