New Delhi: India for the first time has moved into the top 100 in the World Banks Ease of Doing Business global rankings from its 130th position last year, riding on sustained government reforms which include making tax paying easier, according to the banks latest report released on Tuesday.
The World Bank Group`s latest report `Doing Business 2018 - Reforming to Create Jobs` recognises India as one of the top 10 improvers in this year`s assessment, though the report does not take into account the big bang reform of Goods and Services Tax (GST) which rolled out on July 1.
"India has moved to 100th rank as a result of a number of reforms by the government. India is moving ahead in absolute ranking as well," Annette Dixon, Vice President, South Asia region, told reporters earlier in the day.
It will be only over a period of 1-3 years that the full impact of GST reform on ease of doing business can be assessed, she added.
The report captures reforms implemented in 190 countries between the period June 2, 2016 to June 1, 2017.
Following are how PM Narendra Modi, some Union Ministers and BJP leaders reacted to the report:
Historic jump in ‘Ease of Doing Business’ rankings is the outcome of the all-round & multi-sectoral reform push of Team India. pic.twitter.com/DhrEcuurgi
— Narendra Modi (@narendramodi) October 31, 2017
Easier business environment is leading to historic opportunities for our entrepreneurs, particularly MSME sector & bringing more prosperity.
— Narendra Modi (@narendramodi) October 31, 2017
Over the last 3 years we have seen a spirit of positive competition among states towards making business easier. This has been beneficial.
— Narendra Modi (@narendramodi) October 31, 2017
It has never been easier to do business in India. India welcomes the world to explore economic opportunities our nation has to offer!
— Narendra Modi (@narendramodi) October 31, 2017
Guided by the Mantra of ‘Reform, Perform & Transform’ we are determined to further improve our rankings & scale greater economic growth.
— Narendra Modi (@narendramodi) October 31, 2017
India’s 30 rank leap in the @WorldBank #EaseOfDoingBusiness is historic. It has portrayed India’s growth&success story in the last 3years.
— Arun Jaitley (@arunjaitley) October 31, 2017
Economic reforms start bearing fruit with passage of time & Govt.’s stand on India’s growth road map is vindicated with #EaseOfDoingBusiness
— Arun Jaitley (@arunjaitley) October 31, 2017
Government is committed to further #EaseOfDoingBusiness by bringing in more reforms.
— Arun Jaitley (@arunjaitley) October 31, 2017
Today’s results demonstrate PM @narendramodi’s laser focus on improving lives of our citizens and implementation of various reforms.
— Amit Shah (@AmitShah) October 31, 2017
Better business environment is leading to better business opportunities for our entrepreneurs particularly small and medium enterprises.
— Amit Shah (@AmitShah) October 31, 2017
#easeofdoingbusiness in India just jumped 30 notches in its ranking. This is an endorsement of the economic initiatives undertaken by the govt.
Congratulations Hon'ble PM @narendramodi ji & @arunjaitley ji! pic.twitter.com/mP82tQnWxo
— B.S. Yeddyurappa (@BSYBJP) October 31, 2017
The superlative 30 rank jump in #easeofdoingbusiness is just the beginning of India's asendance in global economy under PM @narendramodi ji.
— Dr Raman Singh (@drramansingh) October 31, 2017
India makes the biggest jump in #easeofdoingbusiness of #WorldBank from 130 to 100 in just one year. Great achievement by team @narendramodi pic.twitter.com/GersYKYgah
— Ravi Shankar Prasad (@rsprasad) October 31, 2017
Congratulate Prime Minister @narendramodi ji and Finance Minister @arunjaitley ji. #EaseOfDoingBusiness #NewIndia https://t.co/cFw812gBpa
— Vasundhara Raje (@VasundharaBJP) October 31, 2017
Overall improvement in the indicators of #EaseOfDoingBusiness rankings is indicative of strong growth trajectory under PM @narendramodi ji. pic.twitter.com/8ypokdLfzd
— Smriti Z Irani (@smritiirani) October 31, 2017
Several structural, process reforms undertaken spanning aspects affecting #easeofdoingbusiness led to huge jump. #Leadership @narendramodi pic.twitter.com/APD2ywzPVI
— Suresh Prabhu (@sureshpprabhu) October 31, 2017
Highlights of India's quantum jump in @WorldBank #easeofdoingbusiness rankings pic.twitter.com/W6UkNWHTSp
— Suresh Prabhu (@sureshpprabhu) October 31, 2017
(With IANS inputs)