EDB index is based upon three parameters- Attractiveness to Investors, Business Friendliness and Competitiveness Policies.
The BJP said this jump in the ease of doing business rankings has become possible because of the Modi government's clear policies and hard work.
India has jumped 23 spots to 77th rank in World Bank's 'Ease of doing business' index announced on Wednesday. In 2017, India was placed at the 100th spot.
The rankings, jointly prepared by the World Bank and DIPP, serve as a check-list of sorts for evaluating states on a 340-point Business Reform Action Plan, between the period of July, 2016 and July, 2018.
Romer said the World Bank is "beginning the process of correcting the past reports and republishing what the rankings would have been without the methodology changes".
Last week, Moody's revised India's rating recognising the government's reforms push. Will Standard & Poor's follow suit?
India’s 30-place leap in the World Bank’s ‘Doing Business 2018’ rankings affirm India’s growth story as well as the Centre’s reforms agenda.
The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business.
Failure or success of any start-up also depends on the idea that drives it, Finance Minister Arun Jaitley said when asked why several Indian start-ups have failed over the past three years.
Targeting Finance Minister Arun Jaitley, Gandhi said the "entire country will shout to say that there is no ease of doing business in India".
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