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U.S.-India Business Council Applauds India’s Rise in World Bank’s Ease of Doing Business Index
Rise in ranking will go a long way in promoting investor sentiment
October 28, 2015 - Washington, DC – The U.S.-India Business Council (USIBC) applauds the Government of India’s efforts for undertaking significant efforts, resulting in improvements in India’s ranking on the World Bank’s “Ease of Doing Business” index.
“The improvement in India’s position in World Bank’s Ease of Doing business index sends a crystal clear signal that India is open for business at a time when economic opportunity is certainly welcome,” said Mukesh Aghi, President of the U.S.-India Business Council. “We commend Prime Minister Modi and his Cabinet for their efforts in seeing important reforms through, improving the overall investment sentiment and attracting long-term foreign investment in India.”
“Government of India initiatives to provide greater tax clarity through moves like forming a body to simplify income tax laws, the recent MAT ruling, allowing businesses to start with ease, speedy settlement of commercial disputes are clear indications that the Prime Minister is committed to delivering on his promises and creating more jobs and prosperity for the citizens of the country. The Council now eagerly awaits a successful conclusion of the government- to -government trade policy forum dialogue as well as the passage of the GST bill,” added Dr. Aghi. The Council looks forward to a strong partnership with India’s ambitious and important economic trajectory and will continue to advocate for the global investment community to view this improvement as a sea-change signal for India’s investment climate across all sectors.
About U.S. -India Business Council: Formed in 1975 at the request of the U.S. and Indian governments, the U.S.-India Business Council is the premier business advocacy organization, comprised of more than 300 top-tier U.S. and Indian companies advancing U.S.-India commercial ties. USIBC is the largest bilateral trade association in the United States, with liaison presence in New York, Silicon Valley, and New Delhi.
Contact- Sukanya Sen | firstname.lastname@example.org| 202.463.5836 www.usibc.com
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