Commerce and Industry minister Nirmala Sitharaman has expressed her disappointment over India's rank remaining almost unchanged in terms of ease of doing business released by the World Bank, and said that the various efforts and reforms undertaken by the Centre and states have not been adequately covered in the ranking released by the World Bank this year.
In the World Bank's latest 'Doing Business' 2017 report, India remained at the 130th position out of 190 countries globally, and managed to move up just one rank this year, even the one place improvement was because the last year's ranking was revised lower to 131 from which the country has improved its place by one spot. Sitharaman said that "I am a bit disappointed. Not only the government of India, but every state is so actively engaged and wants to ease the situation... But for whatever reason, it has not been adequately captured in the ranking."
She added that collectively, team India has been doing quite a lot of work and added that there was a need to better communicate to the stakeholders the ease of doing business initiatives brought out by the government. Referring to the intense competition among nations to improve their ranking and attract more investments, the minister said that it was, therefore, important to speed up reforms to help India find a place in the top 50.
The minister further said that the government has taken the right route in reforming and making ease of doing business a very important agenda for the Centre and states and now, it is important to interact with states even more to quickly identify many such things which are important so that its impact is visible at the ground level.