Doing Business report released by the World Bank brought some cheer, where India improved its position in the global rankings — moving up 14 places to the 63rd spot. PM Narendra Modi had set a target for India to be in the Top 50 nations by 2020, and the latest rankings show that India is almost up there.
Yes, there is scope for improvements and correctives — namely in “starting a business”, “enforcing contracts”, “paying taxes” and “registering property” — the parameters where India continues to remain below 100 countries in the 190-country list. Yet, the fact is that from the 130th position in the index in 2016 to the 63rd position in 2020, India has travelled a fair bit of distance. India saw another survey in the recent past There is no reason to apply brakes on reforms. India must continue to be a better place to do business, attract newer investments, and tide over these challenging times. At the same time, we need to ensure that our social indicators and human development indices are among the best.
While the government is doing, and will continue to do its bit, it’s the private sector — the entrepreneurs and the startup ecosystem that will have to innovate, improvise, and create wealth and jobs.
It’s in this context that BW Businessworld’s cover story is important. In our annual special
issue, we showcase 40 entrepreneurs under the age of 40 who have the spark and promise to
make it big in the future. Many of the past winners are unicorns today. We are sure you will hear more about the BW Businessworld’s latest 40 under 40 winners in the days to come.
This issue of BW Businessworld comes with all other regular features, and columns.
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