India's war on red tape is working, says World Bank
Updated : November 01, 2018 07:44:31 IST
India rose 23 places to 77th in the World Bank's Ease of Doing Business Index for 2019, up from 100th in 2018 and 130th in 2017, when it was ranked lower than Iran and Uganda.
The two-year jump is the second largest for any country on the index, to the delight of Prime Minister Narendra Modi's Hindu nationalist government as it prepares for an election due to be held by next May.
But in recent years, particularly since Modi was elected in 2014, the government has enticed foreign companies including Apple and Ikea to open factories and stores after years of delays.
Published : November 01, 2018 07:44 AM IST