After the release of World Bank's ‘ease of doing business’ report where India jumped 14 places to rank 63rd, the Commerce and Industry Ministry has said that the country has recorded continuous improvement in its ease of doing business ranking issued by the World Bank on account of steps taken by the government in this regard.
The Ministry also noted that as a result of continued efforts by the government, India has improved its rank by 79 positions in the last five years (2014-19). Commerce Ministry further listed the segments where significant improvements have been registered such as resolving insolvency, dealing with construction permits, registering property, trading across borders and paying taxes indicators.
Meanwhile, as per World Bank's report, the country figured among the top 10 performers on the list for the third time in a row. India was ranked 142nd among 190 nations in 2014.