Commerce and industry minister Piyush Goyal is hopeful that India will break into the top 25 countries on the World Bank’s ease of doing business index, which ranked the country 14 notches up to 63 among 190 countries in this year’s index.
The minister said the government will closely work with the states to make it easier to start business, ensure contracts are properly executed and respected, and empower businesses with a stable policy and regulatory regime in order to reach the top 50 ranks.
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“By 2024-25, we would like to break into the top 25, but that is a very big challenge and one must appreciate that only the top progressive and highly developed economies are in the top 25,” said Goyal, who is in Stockholm to attend the 19th Indo-Swedish Joint Commission and is leading the Indian delegation.
Source: Economic Times
