Jaitley lauds India's '30 points jump' in World Bank's rankings
Union Finance Minister Arun Jaitley on Tuesday said that India is one country which has been taking regular structural reforms.
New Delhi : Union Finance Minister Arun Jaitley on Tuesday said that India is one country which has been taking regular structural reforms.
Addressing the media in a press conference after the World Bank's 'Ease of Doing Business index' declared India at the 100th position amongst world's top economies, Jaitley lauded the recent government policies which made India jump from the 130th position to the 100th position.
"The jump that India has made this year, is a thirty point jump, which is the highest jump that any country has made," said Jaitley.
The Ease of Doing Business report is based on how easy it is for companies to do business as well takes in account certain regulations based on ten parameters including starting a business, getting electricity, dealing with construction permits and paying taxes among others.
Earlier in 2016, India was ranked among top 50 in three categories including minority investment, getting electricity and getting credit, but it ranked among the worst in the world in dealing with construction permits, resolving insolvency, registering property, trading across borders, paying taxes and enforcing contracts.