India has achieved a remarkable feat with the 79 ranks improvement in 5 years in the Doing Business Ranking! CII congratulates and applauds the Government for this significant accomplishment. The reform initiatives aimed at digitizing, streamlining and rationalizing regulatory compliances and procedures have imparted a huge fillip to the investor sentiment by ensuring faster processes, lower transaction costs and greater transparency.
This extraordinary jump in the ranking is an outcome of sustained and consistent multiyear business reforms, especially in the indicators of Starting a Business, Dealing with Construction Permits, Trading across Borders and Resolving Insolvency, where the country has noted remarkable improvement.
Mr Chandrajit Banerjee, DG, Confederation of Indian Industry(CII) said, “Industry’s feedback has been well heard and noted by the Government in the last few years in a partnership approach and we from CII greatly appreciate this proactive GoI leadership. I am confident that this momentum of business reforms will be maintained and India will be among the top 50 destinations as was envisioned by our PM.”
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