NITI Aayog CEO Amitabh Kant has hailed India's significant jump in ease of doing business ranking. He said on October 24 that there was a scope of improvement on some parameters but it was a huge achievement.
The World Bank's ease of doing business ranking, released earlier, reviewed 190 countries. India jumped 14 places to rank 63rd. Riding high on the government's flagship Make in India scheme and other reforms attracting foreign investment.
"It is a huge achievement...Our objective is to reach the top 50 and reach the top 25 in the next three years of time. This is the target the prime minister has set for us," Kant told PTI on the sidelines of India Korea Business Partnership Forum 2019 here.
He is of the view that the country has done very well but more needs to be done.
"I think we have done very well on several parameters but we need to do well in registering properties, starting a business and enforcement of contracts, so we will focus on these," he said.
(With PTI inputs)Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.