India jumped 30 spots to secure a place among the top-100 countries on World Bank's ease of doing business ranking list in 2018. With this year's performance, India became the first ever country to record highest jump in World Bank's ease of doing business ranking, said Finance Minister Arun Jaitley during a press conference on Tuesday. Finance Minister Arun Jaitley who addressed a press conference on Tuesday said, "Historically India has been in the rage of 130-140. In last two years, we made it to 131, 130 places. This year we have jumped 30 points to 100. This is the highest jump any country has made in World Bank's ease of doing business ranking."
The Doing Business Report 2018 on ease of doing business 2018 was made public at 7:30pm IST. Although, the copies of report were already sent to the countries, there was an embargo in effect on publishing it till 7:30 pm IST.Commenting on the India's unprecedented performance in ease of doing business, Prime Minister Narendra Modi stated, "The Government has undertaken an extensive exercise of stakeholder consultations, identification of user needs, government process re-engineering to match government rules and procedures with user expectations and streamline them to create a more conducive business environment. The report acknowledges India as a top improver with the highest jump in rank of any country in Doing Business Report, 2018. India is the only country in South Asia and BRICS economies to feature among most improved economies of the Doing Business Report this year."