Finance Minister Arun Jaitley has said that he will continue reforms that will help break India into top 50 nations of ease of doing business ranking. According to the World Bank, India’s rank on ‘ease of doing business’ scale has risen from 130th to 100th this year, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution.
Commenting on the issue, India’s Finance Minister Arun Jaitley told the media, “India is the only major country named for pursuing structural reforms. In 2014, we were 142nd and then (in) last two years, we improved to 131st and 130th. These are not generalised rankings. It happened in specific areas and they take tough parameters for that ranking.”
“The “highest jump” in ranking was possible as significant improvements in all the 10 judging parameters were made in last 3-4 years “so that it becomes easy to do business in India,” he said. “The World Bank has named 10 countries where structural reforms have been taken. “India is one of them,” he added.
Investment Guru India
