Improvement in the Ease of Doing Business (EoDB) has been the focus area of the present government. Efforts are being made to introduce seamless procedures for starting, running, and exiting the business by way of measures such as introduction of faster processes, greater transparency, lower transaction costs, enhanced digitisation, reduction in discretionary processes, rationalization of regulatory procedures, speedy resolution of insolvency cases, and time-bound clearances for the industry.
Owing to these efforts, India’s global Doing Business ranking improved sharply and consistently from the 142nd position in 2015 to the 63rd position (out of 190 economies) in 2020. The country has continued to maintain its march to improvement, which is evident from its 6-position improvement to 37th rank (out of the 63-nation list) in 2022 on the annual World Competitiveness Index of Institute of Management Development (IMD).
CII, under the aegis of its Task Force on Ease of Doing Business, Chaired by Mr Ajay Shriram, Past President, CII, and Chairman & Senior Managing Director, DCM Shriram Ltd; and Co-chaired by Mr Milon Nag, Chairman & Managing Director, K K Nag Private Ltd, has been working closely with the Government of India, especially Department for Promotion of Industry and Internal Trade (DPIIT), and various state governments for sustained improvement in the business environment. We support the government in identifying new areas of business reforms, creating awareness about the same among stakeholders while at the same time providing our feedback on the reforms already implemented. Our key focus areas on EoDB include:
- Collaboration with Central and state governments to improve EoDB in the country
- Assessing & monitoring the progress of business reforms
- Identifying pending areas of business reforms at Central and state levels for policy advocacy
- Creating a strong outreach campaign on newly introduced business reforms and inviting feedback from industry through publications, meetings, and conferences
- Undertaking detailed study on focused areas of EoDB
- Capacity Building of State Governments in EoDB
- Providing a mechanism for regular interface and feedback for industry’s views and recommendations
Improvement in the Ease of Doing Business (EoDB) has been the focus area of the present government. Efforts are being made to introduce seamless procedures for starting, running, and exiting the business by way of measures such as introduction of faster processes, greater transparency, lower transaction costs, enhanced digitisation, reduction in discretionary processes, rationalization of regulatory procedures, speedy resolution of insolvency cases, and time-bound clearances for the industry.
Owing to these efforts, ...