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PM Modi Hailed ‘Ease of Doing Business’ Rankings are Historic, Golden Opportunity for MSMEs

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Since World Bank has recognized India’s growth story in it’s Ease of Doing Business IndexPrime Minister, Narendra Modi has termed this as a golden opportunity for Indian MSMEs.
Hailing India’s historic jump of 30 ranks in the World Bank’s Doing Business Report, 2018 released, PM Modi termed the improvement in the rankings as historic. In a series of tweets, PM Modi said that the jump is the outcome of the all-round and multi-sectoral reform push of Team India. 
India’s rank has risen to 100 in the latest report compared to 130 in the Doing Business Report, 2017. 
“Historic jump in ‘Ease of Doing Business’ rankings is the outcome of the all-round & multi-sectoral reform push of Team India. 
Easier business environment is leading to historic opportunities for our entrepreneurs, particularly MSME sector & bringing more prosperity. 
Over the last 3 years we have seen a spirit of positive competition among states towards making business easier. This has been beneficial. 
It has never been easier to do business in India. India welcomes the world to explore economic opportunities our nation has to offer! 
Guided by the Mantra of ‘Reform, Perform & Transform’ we are determined to further improve our rankings & scale greater economic growth.”, the Prime Minister said.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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