India will leapfrog 30 places
to the 100th position out of
190 countries in the World
Bank's Doing Business Report,
high-level sources have
confirmed to The Hindu.
According to a source involved
in the exercise — the
report is expected to be released
on October 31 — “India
will hit a century.” This
huge jump in the country's
ranking is thanks to reforms
in areas such as ‘starting a
business’, ‘dealing with construction
permits’, and
‘resolving insolvency’,
where it was placed a lowly
155, 185 and 136 respectively
last year.
The source said,
“The low rank last year galvanised
India to act. There
was an explicit order from
the PM [Narendra Modi] to
ensure faster reforms to improve
India’s rankings.”
India was ranked a poor
130 overall last year, up by
just one place from 131 the
previous year.
On the future prospects
for India, the source said, “If
India maintains this momentum,
it can jump to a
rank in double digits next
year,” adding that Mumbai
and Delhi — the two cities
covered in the Report — had
responded well to the government’s
call for improvement.
The Department of Industrial
Policy and
Promotion systematically
worked with the line ministries
and State governments
to “get things done on the
ground”, the source said.
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