After a record jump of 30 places in the World Bank's ease of doing business ranking, Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek has said that the government is working with the World Bank (WB) to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business. He added that they have already implemented 122 reforms this year, and will further initiate 90 more ease of doing business reforms this year.
Abhishek said the department has already started meeting stakeholders and taking feedback from them on the reform measures taken by the government to improve business climate. This exercise has helped them a lot. This time they focused mainly on taking feedback from stakeholders and all nodal ministries were taking feedback. He also said the WB report has acknowledged that the Goods and Services Tax (GST) is a substantial reform and hopefully it will have a positive impact on the country's ranking next year.
The Secretary urged the states to address issues like inadequate infrastructure and inflexible labour policies to make them more competitive. He further said that states should invest in skilling and need to come up with policies for fixed term employment like the government has worked out for the apparel sector. He added that they are also working on a similar package for leather and footwear sector.
