Pro-business Reforms By Govt In Last 9 Yrs Laying Strong Foundation Of New India: Minister

The pro-business reforms unleashed by the government in the last nine years are laying a strong foundation for New India, said Union Minister of State (MoS) Science and Technology Dr Jitendra Singh on Sunday. 

While citing the World Bank report, he said that New India, opening up new vistas for the business community, improving India’s rank in ease of doing business from 142 in 2014 to 63 in 2022.

He said, "The world is celebrating India’s business today and is acknowledging that this is the golden era of India under Prime Minister Narendra Modi with global benchmarks hailing and celebrating India’s growth story."

The minister said that India has had a huge quantum jump in the global benchmarks with India being the fastest growing economy in the world having overtaken United Kingdom, jumping forty steps up in the global innovation index, ranking third in the Startup ecosystem having more than 90,000 startups from 250 in 2014 with 100 unicorns. 

The per capita income has also doubled under the present government in the last eight years with manifold increase in exports in almost every sector be that the mobile chip technology, defence, toy industry etc. with an IMF rating saying that the world is looking at India as the bright spot giving self-esteem to all of us, he added.