November 20, 2018
PM Modi launched a Grand Challenge on resolving seven identified Ease of Doing Business problems with the use of cutting edge technologies
Objective of this challenge is to tap the potential of the youth, startups and other private enterprises to provide solutions to complex problems
In World Bank's Doing Business Report 2019, India recorded a jump of 23 positions against its rank of 100 in 2017 to be placed at 77th rank
The Prime Minister reiterated his resolve to make India one of the easiest places to conduct business in the world
The Prime Minister of India launched a Grand Challenge on resolving seven identified Ease of Doing Business problems with the use of cutting edge technologies. The objective of this Challenge is to tap the potential of young Indians, startups and other private enterprises to provide solutions to complex problems using current technology.
In the World Bank’s Doing Business Report (DBR, 2019) released on 31st October 2018 India has recorded a jump of 23 positions against its rank of 100 in 2017 to be placed at 77th rank among 190 countries assessed by the World Bank. India has jumped 65 spots in World Bank Ease of Doing Business (EoDB) rankings in last four years, among which a 53-rung leap came in the last two. This jump was driven by an improvement in 8 out of 10 business indicators measured by the World Bank. In nine parameters, India has moved closer to global best practices. I
“These might seem like mundane, bureaucratic rules, but the reality is that the ease of doing business matters a great deal – for economic growth, future prosperity, and helping people lift themselves out of poverty. We publish the rankings every year to get the attention of heads of state and ministers of finance and make the findings hard to ignore.” says Jim Yong Kim, World Bank Group president.
The Prime Minister, Shri Narendra Modi, at a programme organized at his residence interacted with select CEOs from Indian & foreign companies. The Prime Minister apprised CEOs of the efforts being made by the Government to ensure that India consistently improves its business environment. The Prime Minister reiterated his resolve to make India one of the easiest places to conduct business in the world.
Mr. Hartwig Schafer, Vice President, South Asia of the World Bank Group, also addressed the gathering and appreciated the enormity of India’s achievement. He expressed his belief that India will continue to maintain the momentum it has gained over the last four years in its efforts in improving Ease of Doing Business.