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India's ranking may improve significantly in the World Bank's ease of doing business report on the back of reforms initiated by the government, a top official said on Thursday.
The World Bank's 'ease of doing business' survey 2018 is slated to be released on October 31.
"We have worked very hard so we are definitely expecting," DIPP Secretary Ramesh Abhishek told PTI when asked if the country's ranking would improve.
"The World Bank's Doing Business report is going to come out on 31 October and we hope to see a significant improvement because of the large number of work that we have done," Abhishek said.
The government's optimism regarding the improvement in India's rank comes on the back of reforms taken to improve the efficiency in granting construction permits, starting a business and resolving insolvency.
The ease of doing business ranking is taken seriously by participating countries as they believe it plays a key role in helping foreign investors decide where to invest.
India's rank inched up by just one place to 130 in the last year's survey that measures the ease of doing business in various countries.