Hyderabad, Oct 24 (IEBusiness) Hailing the continuous improvement in India’s ranking in Ease of Doing (EoD) Business, Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said such improvement bespeaks volumes of the systematic improvement and transparency brought by the Government in various areas of economic activities.
The new BJP-led NDA government at the Centre, since 2014, put focus on far reaching reforms which has resulted in improving our ranking from 142nd position in 2014 to 77th position in 2018 and 63rd position now. We are on our course to come in top 50 countries by next year as promised by the Prime Minister Narendra Modi, Mr Saraf said in a release here on Thursday.
He said that it is equally heartening that India is amongst top 10 economies improving the most across 3 or more measures adopted by the Doing Business Report.
India’s improvement in resolving insolvency, starting a business, delay in construction permit and trading across border has led to such improvement. However, we need to move forward so that we may reflect similar improvements in other 6 areas of the measures adopted by the World Bank, he added.