India's Business Environment: A Remarkable Transformation

18 November 2023, Mumbai

WHY India

From 142nd to 63rd: A Leap in Ease of Doing Business
In 2014, India's business environment was far from ideal, ranking a dismal 142nd out of 190 countries in the World Bank Doing Business Report.

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However, the country embarked on a remarkable journey of reform, propelling it to the 63rd position in just six years.
Reforms, Infrastructure, and Technology: Driving Change
A wave of government reforms aimed at streamlining processes and reducing bureaucratic hurdles transformed the business landscape. Investments in infrastructure and technology further enhanced the ease of doing business, paving the way for a more efficient and competitive environment.
Empowering MSMEs through Digitalization
Recognizing the pivotal role of small and medium enterprises (MSMEs) in India's economic growth, the government prioritized their digital transformation.

Initiatives aimed at enhancing their digital literacy and adoption of technology were instrumental in boosting their efficiency and productivity.
A Global Recognition: Two-Time Top Improver
India's unwavering commitment to reform and its efforts to attract investment were not gone unnoticed.

The World Bank acknowledged India's remarkable progress by recognizing it as a top improver for two consecutive years, making it the first BRICS and South Asian country to achieve this distinction.
A Beacon of Progress: Attracting Investment and Fostering Growth
India's improved business environment has served as a beacon for investors worldwide, attracting significant capital inflows and propelling the country's economic growth.

This transformation stands as a testament to India's dedication to fostering a conducive environment for businesses to thrive.

Exhilarating drive

1. India's business environment transformed.

2. Reforms streamlined processes and reduced hurdles.

3. Investments enhanced ease of doing business.

4. MSMEs empowered through digitalization.

5. Global recognition for two-time top improvement.

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