Reportedly india Inc on October 24 cheered as the country jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking, and said the performance was an indicator of the Narendra Modi-led government's reformist credentials. industry bodies exuded confidence that india will climb the rankings further to be among the top 50 nations on the World Bank's 'Doing Business' 2020 report, as envisioned by the Prime Minister.
CII Director General Chandrajit Banerjee said "The reform initiatives aimed at digitizing, streamlining and rationalizing regulatory compliance and procedures have imparted a huge fillip to the investor sentiment by ensuring faster processes, lower transaction costs and greater transparency".
