Govt expects significant jump in World Bank's ease of doing business ranking this year

New Delhi: India’s ranking is expected to improve further in the World Bank’s ease of doing business report this year on the back of reforms carried out by the government, a top government official said on Wednesday. The World Bank’s ’ease of doing business’ report is slated to be released in October. “We are optimistic that again we will be making a significant jump in the ease of doing business ranking,” Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said here. [caption id=“attachment_3046732” align=“alignleft” width=“380”] Representational image: Shutterstock[/caption] India leapfrogged 30 places to rank 100th in the last World Bank’s ’ease of doing business’ ranking report. Speaking at the Taiwan-India Industrial Collaboration Summit, the secretary said that several areas, including starting a business and paying taxes, have seen an improvement. He also asked the Taiwanese businesses to invest in India as the country holds huge potential. “This is a good time for investments in India,” he said, adding Indian economy is likely to touch $5 trillion mark by 2025 and $10 trillion by 2030. “We are removing all the bottlenecks and obstacles in areas like logistics and infrastructure,” he said. The secretary also said that the department would be setting up a Taiwan Plus cell to hand hold investors in India. He said India has attracted $230 billion FDI in the last four years and Invest India is facilitating foreign investments worth $90 billion.