It is a kind of a shock for the followers of Narendra Modi and for those who believe in him.Despite all his propaganda of Make in India project and decreasing the number of old regulations to ease business operations, India’s rank in ‘ease of doing business’ in the world remains almost same from last year.This list is prepared by World Bank every year.Last year India’s rank was 131.This year India’s rank is 130 mostly due to minor changes in the criterion.So it can be attributed that there was no change in the ranking. Despite all the things that we listen on TV daily that Narendra Modi is doing all sorts of stuff to attract foreign investors, the ranking has not changed.Then what is the use of such a propaganda?There goes a clear message to the foreign investors that doing business in India is very tough.And it is world Bank ranking, despite what Narendra Modi says.They will believe in the ranking of world Bank, not in Narendra Modi.
Among 190 economies India’s ranking is 130.As an Indian can you digest this fact.An economy which is growing at a GDP of 8%.
Clearly, drastic measurements should be taken by Narendra Modi government.It is hoped that we get from Narendra Modi government, and he should try harder to keep up with those hope.
The world Bank has acknowledged many changes made by India since last year.Despite the changes, there was no change in ranking because the other economies have improved at par with India.
Let us consider the ease of doing business state wise.Here is the list of top 10 states:
Gujarat has lost its position to Andhra Pradesh and Telangana.Significant Improvements are made by states of Haryana,Uttarakhand, and Bihar.One of the surprising things is Delhi, the capital of India is behind than Bihar in the list.Arvind Kejriwal should take a look at this.
Drastic measures should be taken by Narendra Modi government. Foreign investors will look at the facts not what Narendra Modi has to say at the end of the day. Despite all his propaganda to attract foreign investors, most successful investors would like to look at the numbers not the advertisement!