India's 'Ease of Doing Business' ranking will improve FDI inflow

Updated:8 years, 8 months ago

New Delhi, Nov 05 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) believes that India's progress as highlighted in the recent 'Ease of Doing Business' report published by the World Bank would help improve the inflow of Foreign Direct Investment (FDI). "This is a great achievement, which will soon bring about a new wave of information, and ultimately help improve growth in the economy. While there has been a rise in private investment, FDI too will improve post this," FICCI President Pankaj Patel told ANI on the sidelines of the 'India's Business Reforms' session. Confederation of Indian Industries (CII) president Shobana Kamineni echoed similar views and said that job creation needs to be the prime focus hereafter. Kamineni added that the 30 place jump will allow greater transparency. "Following this report, India will be deemed suitable for entrepreneurship and become more attractive as an investment hub. However, following up from this, job creation needs to be the central focus," she said. India has risen as much as 30 positions to rank 100th amongst 190 countries in World Bank's recent 'Ease of Doing Business index'. Its 2018 version shows India amongst the world's top ten improvers worldwide and a leading regional reformer. For the unversed, the Ease of Doing Business report shows how easy it is for companies to do business.

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India's 'Ease of Doing Business' ranking will improve FDI inflow

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