India figured among the top 10 performers on the list for the third time in a row.
Significant improvements have been registered in ‘Resolving Insolvency’, ‘Dealing with Construction Permits’, ‘Registering Property’, ‘Trading across Boards’ and ‘Paying Taxes’ indicators.
Addressing a press conference, Union Finance Minister Nirmala Sitharaman said that Recovery rate under resolving insolvency has improved significantly from 26.5% to 71.6%.
Expressing happiness over jump in ease of doing business, she said that govt is working to Get India Among Top 50 In Ease of Doing Business Rankings.
She also said that the time taken for resolving insolvency has also come down significantly from 4.3 years to 1.6 years.
Union Information & Broadcasting Minister Prakash Javadekar said that India is becoming favorite destination for FDI investments and other investments because of the conscious policy decisions by the Modi govt.