Ease of Doing Business Ranking: Reaction from India Inc.
Basis the today’s announcement of India’s jump to 63rd position in World Bank’s ‘Ease of Doing Business’ index sharing with you commentary on behalf of companies across startup, technology and FMEG sectors for your kind perusal. It would be great if you could include in the relevant stories that you would be working on.
Shashank Dixit, CEO, Deskera said “India has shown consistent growth each year when it comes to World Bank’s ‘Ease of Doing Business’ rankings. The country climbing to the 63rd position this year is a positive sign for the startup ecosystem. Several initiatives taken by the Government of India such as relaxing norms for obtaining a building permit, electronic submission of documents, etc. will go a long way in boosting the startup ecosystem and provide a much-needed fillip to India’s GDP growth.”
Jitendra Chaturvedi, Director and Founder, Batooni Mobile Advertising said, “The environment for doing business in India has been cohesive for startups. With India jumping 14 spots to the 63rd position on the World Bank’s ease of doing business ranking, is testament to the fact that the government has been undertaking various initiatives to simplify the process of registrations, licenses and compliance requirement to help startups set up business operations in the country with ease. We are positive that with the governments resilient focus on building a conducive business environment in India, it will further augment in creating a favorable ecosystem for business growth of startups and establish India as the favored investment destination globally.”
Bhavin Turakhia, Founder & CEO, Flock said “India has been consistently moving up the charts when it comes to World Bank’s ‘Ease of Doing Business’ rankings. This is a positive sign from a business standpoint. We welcome the initiatives undertaken by the Government of India in simplifying the process of setting up business operations. The jump in ranking augurs well for the startup ecosystem and enhances India’s perception as a global business destination. I believe this will go a long way in enabling the country to achieve its goal of becoming a $5 trillion economy by 2025.”
Kishan Jain, Director, Goldmedal Electricals said, “The efforts and commitment by the Government of India over the last few years in introducing economic reforms that harness a healthy business environment has resulted in India jumping 14 notches to the 63rd position in World Bank’s ‘Ease of Doing Business’ index. The continued focus on the promotion of ‘Make in India’ and other measures taken to attract foreign investment and boost manufacturing, is showing positive results. This should enable FMEG companies to expand their business further, resulting in the growth of new employment opportunities in the country. We believe all of this would have a positive impact on India’s GDP growth, making India a global business destination.”
