City
Epaper

Chinese envoy lauds India for its upward movement in ease of doing business rankings

By ANI | Updated: October 25, 2019 23:15 IST

Chinese Ambassador to India Sun Weidong on Friday said he is "glad to learn" that the national capital has continued its impressive rise in the World Bank's ease of doing business rankings.

Open in App

Chinese Ambassador to India Sun Weidong on Friday said he is "glad to learn" that New Delhi has continued its impressive rise in the World Bank's ease of doing business rankings.

"Glad to learn that India moved up remarkably in the World Bank Ease of Doing Biz Rankings this year. China is ready to work with India to conduct more industrial & manufacturing cooperation for win-win results," he tweeted.

India jumped 14 positions to be ranked 63rd among 190 countries in the World Bank's ease of doing business 2020 survey.

According to the report issued by World Bank on Thursday, India appeared among the top 10 improvers for the third time in a row. The Bank lauded New Delhi for a "remarkable reform effort".

"In economies on the list of 10 top improvers, leaders of India and China adopted the Doing Business indicators as a core component of their reform strategies," said the World Bank.

It also praised Prime Minister Narendra Modi's 'Make in India' campaign which focused on attracting foreign investment, boosting the private sector, manufacturing in particular, and enhancing the country's overall competitiveness.

Last year, India was ranked 77th. In six years of the Modi government, India's ranking improved 79 places from 142nd in 2014 to 63th in 2019, a record for a major economy.

( With inputs from ANI )

Tags: The World BankNarendra ModiNew Delhi
Open in App

Related Stories

MaharashtraSanjay Raut Criticises Govt's Inaction After Phalagam Terror Attack, 'Says Why Action Has Not Taken Yet'

EntertainmentSaif Ali Khan Shares His Views About WAVES Summit and Indian Cinema Says, There Is So Much Untapped Talent

Entertainment"Meri Heartbeat Bohot Tez Chal Rahi Hai Aapke Saamne": Kartik Aaryan Wins Hearts with a Candid Confession to PM Narendra Modi at WAVES Summit

MumbaiMumbai: Shreya Ghoshal to Grace the Inaugural Stage of Waves Summit with a Soulful Bengali Tribute

EntertainmentAjith Kumar Injured in Fan Frenzy After Padma Bhushan Award Ceremony, Actor Hospitalized In Chennai

International Realted Stories

InternationalGovt terminates services of K Subramanian as India's Executive Director at IMF

InternationalAngola President Lourenco condemns Pahalgam terror attack

International"Muizzu's narrative collapsed under his own words, people of India and Maldives deserve apology": MDP chief Abdulla Shahid

InternationalIndia, Angola decide to expand energy partnership

InternationalAngola signs International Solar Alliance agreement during President Lourenco's India visit