Post

World Bank President Lauds India's Progress

World Bank President Lauds India's Progress

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.

Picture of David Malpass and Narendra Modi
David Malpass of World Bank w Prime Minister Narendra Modi

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.

Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries