Watch: Finance Minister Speaks On India's 'Ease Of Doing Business'

Team Republic |

Union Finance Minister Arun Jaitley on Tuesday addressed a news conference on the World Bank's report on Ease of Doing Business which shows that India has risen from rank 130 last year to 100 in this year's edition. The 30-rank-leap entails the highest jump any country has made over a 12-month-period, Jaitley said, though he was careful to highlight that the work that went in to make it happen took place over three years.  The briefing included an appearance from Commerce Minister Suresh Prabhu as well as a presentation on a number of sub-factors that contribute to 'Ease of doing business'.

The Prime Minister also acknowledged the World Bank report: 

"India has leapt 30 ranks over its rank of 130 in Doing Business Report 2017! The Report is an assessment of 190 economies, covers 10 indicators which span the lifecycle of a business. India has improved its rank in 6 out of 10 indicators & moved closer to global best practices.

The Government has undertaken an extensive exercise of stakeholder consultations, identification of user needs, government process re-engineering to match Government rules and procedures with user expectations and streamline them to create a more conducive business environment.

The report acknowledges India as a top improver with the highest jump in rank of any country in DB Report, 2018. India is the only country in South Asia and BRICS economies to feature among most improved economies of the DB Report this year."