World Bank’s Thumbs Up To Modi Government’s Reforms, India Jumps 14 Places To 63 In Ease Of Doing Business Index

World Bank’s Thumbs Up To Modi Government’s Reforms, India Jumps 14 Places To 63 In Ease Of Doing Business Index Inside view of Titan watch Factory in Hosur. (Representative Image) (Hemant Mishra/Mint via Getty Images) 

India has further improved its ease of doing business ranking, jumping 14 places to rank 63. The country also figured among the the top 10 performers on the list for the third time in a row.

"India has jumped from 77th to 63rd rank in the Ease of Doing Business Rankings released just now by the World Bank," Commerce Minister Piyush Goyal tweeted.

"Congratulations to PM @NarendraModiji for the path breaking improvements in India's business environment for nation's prosperity and job creation," he said.

India was ranked 142nd among 190 nations when Prime Minister Narendra Modi took office in 2014.

Last year, India jumped 23 places to the 77th position on the back of reforms related to insolvency, taxation and other areas.

The sharp rise in the ranking underscores the reformist credentials of the Narendra Modi-led National Democratic Alliance (NDA) government and may help the country lure multinational companies looking for investment destinations apart from China amid its ongoing trade war with the US, reports LIvemint.

(With inputs from IANS)