Prime Minister Narendra Modi sait that the World Bank has recognized the stupendous work done by us towards improving Ease of Doing Business. We are now among the top hundred countries in the Doing Business rankings. In a short time of three years we have improved forty-two ranks.
PM says that this year, India’s jump in ranking is the highest shows that India has been identified as one of the top reformers. He further said that this improvement is important because it is an indicator of Good Governance in the Country and it is a measure of the quality of our public policies.
He further said that the improvement is crucial for us as it is a benchmark of transparency of processes and ease of doing business, also leads to ease of life also it reflects the way people live, work and transact in a society.
India has reached a position from where, now it is easier to improve further. Our efforts have gathered momentum. In management terms, we have achieved critical mass for a swift takeoff.
Modi said that this report has not taken into account the implementation of the Goods and Services Tax or GST. As you all know, GST is the biggest tax reform in the Indian economy. And it impacts many aspects of doing business. With GST, we are moving towards a modern tax regime, which is transparent, stable and predictable.
PM further said that we are a young country and job creation is an opportunity as well as a challenge. Therefore, to leverage the energy of our youth, we are positioning India as a Start-up Nation and a global manufacturing hub. For this purpose, we have launched various initiatives, such as Make in India and Start-up India.
Through these initiatives, combined with the new eco-system of a formal economy and a unified tax regime, we are trying to create a NEW INDIA. An India where opportunities are created and harnessed to the advantage of the needy. We are particularly keen to develop India into a knowledge based, skill supported and technology driven society. A good beginning has been made through the Digital India and Skill India initiatives.
Post a Comment