While appreciating the
importance in Ease of Doing Business to the rank of 130 by the World Bank, Dr.
Mahesh Gupta, President, PHD Chamber of Commerce and Industry said that lot of
things at the ground level are becoming visible and the business community is
enthusiastic to enhance its growth trajectory going forward.
India is now ranked at
130th among 190 economies by the World Bank.
Implementation of the
Insolvency and Bankruptcy code would improve the ranking further. It is also expected that the goods and
services tax will help make significant improvement in India’s ranking next
year, he said.
Going ahead, President,
PHD Chamber, Dr. Mahesh Gupta suggested that the Government must focus on the
reforms in labour laws and decriminalization of businesses as stringent labour
laws are a major roadblock to enhance production possibility frontiers and
employment generation in the economy.
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