Playing down India’s quantum jump in ‘Ease of Doing Business’ index released by World Bank, Congress vice president Rahul Gandhi today said that the Modi government has actually destroyed it through ill-conceived moves like demonetisation and GST.
India jumped 30 places on the ‘ease of doing business’ ranking that was released by the World Bank on Tuesday.
Resuming his campaign from Jambusar town of Bharuch district in Gujarat, where assembly elections are scheduled next month, Mr. Gandhi said at a public rally, “Yesterday, Arun Jaitley ji said some foreign organisation has certified that India has considerably improved in ease of doing business.”
Mr. Jaitley, he said, sits in his office and believes what foreigners say. The finance minister, Mr. Gandhi added, should meet small and mid-sized businessman for five-10 minutes and ask if the ease of doing business had really improved.
“The entire country will shout and say ease of doing business is absent, you have destroyed it, your demonetisation and GST have ruined it,” Mr. Gandhi said.
Earlier in the day, Mr. Gandhi had tweeted in Hindi, taking off from a famous Ghalib verse to say that Mr. Jaitley was deluding himself.
“Sabko maloom hai ‘ease of doing business’ ki haqeeqat, lekin khud ko khush rakhne ke liye ‘Dr. Jaitley’ ye khayal achha hai (everybody knows the reality of ease of doing business, but this thought is good Dr. Jaitley to keep yourself happy).”
According to the World Bank, India’s rank on ‘ease of doing business’ scale has risen from 130 to 100 this year, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution.
Addressing a press conference soon after the World Bank ranking was made public yesterday, Mr. Jaitley had said India is the only major country named for pursuing structural reforms.
“In 2014, we were 142nd and then (in) last two years, we improved to 131st and 130th. These are not generalised rankings. It happened in specific areas and they take tough parameters for that ranking,” he had said.
The “highest jump” in ranking was possible as significant improvements in all the 10 judging parameters were made in last three-four years “so that it becomes easy to do business in India”, Mr. Jaitley said.