Union finance minister Arun Jaitley on Tuesday said India’s rank has improved in ease of doing business index after a World Bank’s latest release put the nation at 100th spot which was 130 in 2016.
Jaitley said, “We were ranked 142 in 2014 and 130 last year in ease of doing business World Bank list. This year we have taken a 30 point jump to 100.”
While expressing satisfaction over progress, Jaitley said World Bank report said India is one country which has been undertaking structural reforms.
We were ranked 142 in 2014 and 130 last year in ease of doing business World Bank list. This year we have taken a 30 point jump to 100: FM pic.twitter.com/Gc2JDLRi35— ANI (@ANI) October 31, 2017
He said,” India jumped 53 places to 119 in ease of paying taxes as per the World Bank report.”
World Bank report says India is one country which has been undertaking structural reforms: FM Arun Jaitley pic.twitter.com/TlV8u5aaSj— ANI (@ANI) October 31, 2017
Jaitley further added,” Taking India in top 50 countries on ease of doing business ranking is doable.”
While dubbing it as historic jump, Prime Minister Narendra Modi on Twitter hailed India's ranking, saying it is the outcome of the all-round and multi-sectoral reform push of Team India.
Historic jump in ‘Ease of Doing Business’ rankings is the outcome of the all-round & multi-sectoral reform push of Team India. pic.twitter.com/DhrEcuurgi— Narendra Modi (@narendramodi) October 31, 2017
In another tweet, he said,"Easier business environment is leading to historic opportunities for our entrepreneurs, particularly MSME sector & bringing more prosperity."
"Guided by the Mantra of ‘Reform, Perform & Transform’ we are determined to further improve our rankings & scale greater economic growth," he further said in a tweet.