Making it easy to do business in India

Onno Ruhl, World Bank's country director for India, has forecast that at current pace it would take India three years to improve its ranking on the World Bank's 'Ease of Doing Business' list. Ruhl said: “This is not rocket science, the department of industrial policy and promotion (DIPP) is working on this and we have a team that is helping and working with the government on this area.” The Modi government's target of bringing India up into the top 50 countries would naturally boost the “Make in India” initiative which seeks to promote India as an investment hub. The Centre has asked states to prepare their own report cards, much like the economic survey, to provide clarity on local policies, issues, strengths and hurdles. This would provide investors a clear picture of the economic affairs and policies of different states and help their decision-making. The formula has been spelt out and the goal is clear. Here is a snapshot of India's road to easy business.

The above article was published in India Inc's print edition of the India Investment Journal launched in June 2015 in conjunction with the Policy India Roundtable 2015.