A Leap Ahead!

While India was ranked at the 77th position last year in the global ease of Doing Business rankings, sustained business reforms have helped India jump 14 places to move to 63rd position in this year’s list.

- Niranjan Mudholkar

India recently gained a position amongst the world’s top ten improvers for the third consecutive year in the World Bank Group’s Doing Business 2020 study. While India was ranked at the 77th position last year in the global Ease of Doing Business rankings, sustained business reforms have helped India jump 14 places to move to 63rd position in this year’s list. The Machinist believes this is definitely a commendable achievement and also spoke to some industry leaders to understand their perspective on this improvement. “India’s impressive progression in the Doing Business rankings over the past few years is a tremendous achievement, especially for an economy that is as large and complex as India’s. Special focus given by the top leadership of the country, and the persistent efforts made to drive the business reforms agenda, not only at the central level but also at the state level, helped India make significant improvements,” said Junaid Ahmad, World Bank Country Director in India. “The focus now needs to be on continuing this trend to maintain and improve its ranking.”

Remarkable improvement

Anil Verma, Executive Director & President, Godrej & Boyce says, “An improvement of 79 places from 142nd in 2014 to 63rd in 2019 is indeed noteworthy and speaks a great deal about how the government has focused its energies in improving the business environment in the country.”