While addressing a press conference in New Delhi on October 26, World Bank President David Malpass congratulated the government on bringing India’s latest ranking in the World Bank’s annual Ease of Doing Business to 63rd. He credited the government’s moves to liberalize procedures for registering businesses, facilitating more cross-border trade, and bankruptcy resolution for the increase in ranking.
He noted, “India is being affected by the global environment and has slowed its economy than earlier rates. Openness to reforms and investment for faster growth is what I would suggest.”
Malpass spoke about his discussion with Prime Minister Modi and Federal Finance Minister Nirmala Sitharaman. He lauded Modi’s vision of a $5 trillion economy and called it ‘powerful’, adding that growth of the financial sector in India was one of the major topics discussed. “What my prescription or suggestions are, are that openness to reform, innovation, improvement in government structure allows for faster growth” he said.
Last updated: December 26th, 2025
