New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday said that efforts to further simplify Goods and Services Tax will be made and that will help in further improving India’s ranking in the World Bank’s ease of doing business index.
India has jumped 14 places to rank 63rd in the World Bank’s ease of doing business ranking index and the country targets to feature within 50 in the next few years.
Implementation of Insolvency and Bankruptcy Code (IBC) has helped in improving India’s business ranking, she added.
In the next ranking, the World Bank will include the business climate in Kolkata and Bengaluru as well, affirmed Sitharaman. Currently, it takes into account only Delhi and Mumbai.
Nirmala Sitharaman also asserted that states too will have to amke efforts in improving the business climate in India, especially with regard to property registration.
