Chandigarh,24.10.19-India’s high paced journey to join the league of top 63 nations in the Ease of Doing Business ranking is a laudable achievement by the government. CII compliments and felicitates the Government on this extraordinary accomplishment. This jump in India’s ranking comes as no surprise to the members of the Industry who have been witnessing a remarkable change in the business climate over the last few years, owing to the series of reform initiatives being introduced at the Central as well as state levels.

Resolving Insolvency has shown an impressive jump of 56 spots, endorsing the successful implementation of the Insolvency and Bankruptcy Code, 2016. Similarly, in ‘Dealing with Construction Permits’, we have now joined the league of the top 27 countries, laying a foundation for stronger growth of the real estate sector. Another significant millstone has been achieved in the area of ‘Trading Across Borders, where we now stand at 68th rank, up from 146th in 2018. Procedures, time and cost for export and imports have been coming down sharply with continuous introduction of trade facilitation reforms. We have, of course, a long way to go in several other indicators of Doing Business Report, including Enforcing Contracts, Registering Property, and Starting a Business. With continuing reform momentum and government-Industry partnership, I am confident of exceling in these areas as well within the next couple of years.