The Confederation of Indian Industry (CII) has said that India must focus on areas such as registering property and enforcing contracts among others, to get even better ranking in the World bank's ease of doing business index in the years to come. According to the World bank's doing business report 2019 based on 10 parameters, India jumped 23 places to rank 77th position on the back of reforms related to insolvency, taxation and other areas.
The chamber's President Rakesh Bharti Mittal has said that the improvement in the ranking is an achievement and was expected due to government’s transformational reforms over the last year. He also said that the revised position will add to the investment attractiveness and competitiveness of the Indian economy.
Mittal further said that the overall jump in the country's position is led by improvement in several indicators of ease of doing business, including dealing with construction permits, trading across border, and starting a business. He also noted that the latest doing business ranking is testimony to the continuously improving business climate in India, which augurs well for new investments in the country.