India will witness more reforms for leveraging greater development and attracting higher investments from across the globe, promised Prime Minister Narendra Modi.
Building nation’s economic and social development is the sole purpose of my life, he added.
Addressing a conglomeration of industry leaders at a conference orgainised in the national capital, Modi said that India’s performance in the World Bank’s ease of doing business has shown tremendous improvement and that could only be possible due to all sorts of sustainable reforms introduced and implemented.
In the recently released ranking, India position has witnessed an improvement of 30 points to make it to the top 100 nations.
“I am confident that with continuous efforts, we can improve further. After the ranking improved to 100 from 142 (in the survey published in 2014) I am not able to sleep. I wish to do more…I have one life and one mission,” Modi said. Ease of doing business will lead to ease of life too, he said.
The prime minister assured that along with the improvement in ease of doing business, reducing cost in doing business for micro, small and medium enterprises (MSMEs) will also be initiated. This sector, in particular, generates a lot of jobs. According to official estimates, 56 million MSMEs responsible for generating 110 million jobs in India.
He is also confident about a further improvement in India’s position in the World Bank’s ranking. He announced that in the upcoming meeting of the Goods and Sevices Tax (GST) Council on November 10, the federal tax body in association with the state government, will take steps to improve the economy and the financial systems.
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