On Tuesday, the World Bank released its 2018 report on Ease Of Doing Business, and India jumped 30 notches up from 130th place to 100th. The report also said, India's business environment improved at the fifth fastest pace in the world. India registered improvement in 8 out of 10 tough indicators that were set as benchmarks, like starting a business, dealing with construction permits, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
For the last several weeks, the Modi government was being criticized domestically by sections of industry for not doing enough for ensuring ease of business, but the latest World Bank report is an effective reply to these critics. For India, entering the top 100 club for the first time matters a lot, and Finance Minister Arun Jaitley deserves kudos for this achievement.
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