Home National “We have made ease of doing business cheaper,” says Modi

“We have made ease of doing business cheaper,” says Modi

Cyril Ramaphosa
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Gujarat, Jan 18

“India is now ready for business as never before. In the last 4 years, we have jumped 65 places in the Global Ranking of World Bank’s Ease Doing Business Report. But we are still not satisfied. I have asked my team to work harder so that India is in the top 50 next year,” said Prime Minister Narendra Modi while highlighting India’s transformation in the last four years.

Modi was addressing the inaugural ceremony of Vibrant Gujarat Summit 2019, today in Gujarat.

The Prime Minister further added that we have also made Doing Business cheaper. The implementation of GST and other measures of simplification of taxes have reduced transaction costs and made processes efficient. We have also made Doing Business Faster through digital processes and single point interfaces.

“From the start of business to its operation and closure, we have paid attention in building new institutions, processes and procedures. All this is important, not just for doing business but also for ease of life of our people,” stated PM Modi.

ease of doing

In India our challenge is to grow horizontally & vertically, Modi said elaborating “horizontally we have to spread benefits of development to regions & communities that have lagged behind. Vertically we have to meet enhanced expectations in terms of quality of life & quality of infrastructure.”

He further pointed that extensive efforts have been made to promote manufacturing to create jobs for our youth. Investments through our ‘Make in India’ initiative, have been well supported by programmes like ‘Digital India’ and ‘Skill India’. At 7.3%, the average GDP growth over the entire term of our Government, has been the highest for any Indian Government since 1991. At the same time, the average rate of inflation at 4.6% is the lowest for any Indian Government since 1991.

Delighted by the presence of delegates from different states and overseas, Modi said that We are honoured by the presence of many Heads of State and Government and several other distinguished delegates. This shows that international bilateral cooperation is no longer limited to national capitals, but now extends to our state capitals as well.


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