Modi hardsells India, but are there any buyers?
November 03, 2017  13:29
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Prime Minister Narendra Modi today said starting business in India is easier than ever before as procedures have been simplified, archaic laws repealed and compliance requirements reduced.


The reforms initiated by the government in the last three years have helped India jump 30 places since last year in the World Bank's Ease of Doing Business ranking to break into the top 100-nation club.


"This is the highest ever improvement for India, and the highest jump for any country this year. From a rank of 142 in 2014, we have now reached the top 100," he said at the World Food India 2017 conference in New Delhi.


India, he said, ranked number one in the world in 2016 in greenfield investment and has also rapidly progressed on the Global Innovation Index, the Global Logistics Index and the Global Competitiveness Index.


"Starting a new business in India is now easier than ever before. Procedures for obtaining clearances from various agencies have been simplified. Archaic laws have been repealed, and the burden of compliances has been reduced," he said. Modi pitched India as one of the fastest growing economies of the world today. The introduction of Goods and Services Tax from July 1 has eliminated the multiplicity of taxes, he said further.
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