Commerce and Industry Minister Suresh Prabhu, File Photo
With the World Bank’s Doing Business 2019 report set to be released on Wednesday, New Delhi hopes the country will breach the 80s in the ranks table.
The government is confident of an improvement in the current rank of 100, owing to the implementation of its flagship policies — the goods and services tax (GST) and the Insolvency and Bankruptcy Code (IBC).
But, traders and other end users, whose voices will be reflected in the report, claim that the government’s optimism does not reveal Rs 80-100 billion Integrated GST refunds they are yet to get, or the slow pace of insolvency approvals.
Last year, India had improved its position by 30 spots. This year, the World Bank will consider reforms introduced till May 1.