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India's big leap in World Bank's Ease of Doing Business rankings

Our leaders share their views on India's rise in World Bank's Ease of Doing Business 2018 rankings.

Ease of Doing Business 2018 rankings - Views by PwC India's Shyamal Mukherjee

Shyamal Mukherjee
Chairman, PwC India

We are delighted to hear the news about India’s improved performance in the World Bank’s ranking of countries in terms of doing business. A jump of 30 spots is a clear testimony of the government’s relentless focus on growth and reforms. Across an array of sectors and disciplines, there has been a sustained effort to improve matters, both at the policy-level and on-ground. Any major reform always has the potential to create temporary pain and inconveniences but the government’s resolve to not lose focus on long-term gains is worthy of appreciation. We are confident that the government's resolve on enacting further reforms will only get more thrust due to the much-deserved validation from the World Bank.

Ease of Doing Business 2018 rankings - Views by PwC India's Manish B Agarwal

Manish B Agarwal
Partner and Leader, Infrastructure,
PwC India

The change in ranking reflects the outcome of a significant effort by central, state and city governments. The improved investment climate will give an impetus to several economic corridors that are ready for investors. Process improvements at some ports have significantly reduced time with measures like direct port delivery, additional land area for containers, and reduced documentation requirements. Going forward, the World Bank methodology could include a larger sample, to capture the significant improvements being made by several states.

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