TIL Desk/Business/New Delhi/ Attacking the Congress, Finance Minister Arun Jaitley has hailed India’s 23 places jump in the World Bank’s Ease of Doing Business rankings and said the country had come a long way from the UPA era when it was the most difficult country to do business with.
In a Facebook post, he said despite inheriting the legacy of 142nd position in the coveted rankings, the Narendra Modi-led government had undertaken a series of reforms achieving a 65-point improvement to reach the 77th rank during its first four years.
He said India would further improve its ranking by focusing on certain specific areas — including ‘starting a business’, ‘resolving insolvency’, ‘payment of taxes’ and ‘enforcement of contracts’ — and would have to make a special effort to achieve the Prime Minister’s target of breaking into the top-50 countries.
His remarks came a day after the World Bank’s latest Doing Business Report 2019 showed that various measures undertaken by the government had helped India improve its rank in six out of the ten parameters, helping it jump 23 places from its rank of 100 in the previous year.
