Bold Economic Reforms Needed for India: World Bank Official

India needs a fresh set of “bold reforms” in the next three to four years if it wants to be among the  top 50 countries with ease of doing business, a top World Bank official said.

The official’s remarks came as India jumped 14 places to take the 63rd position on the World Bank’s ease of doing business ranking.

With the current reform agenda that the bank is watching like Insolvency and Banking Code, enforcing contracts, tax reforms being completed next year or the year after, India can get within the top 50, Simeon Djankov said.