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Will fuel India's growth with full unwavering commitment: World Bank CEO

Citing India's 30-place jump in the Ease of Doing Business report said such an elevation is very rare, especially given the size of Indian population

ANI  |  New Delhi 

Prime Minister Narendra Modi shakes hands World Bank CEO Kristalina Georgieva at a session on India's Business Reforms, at the Pravasi Bhartiya Kendra in New Delhi. (Photo: PTI)
Prime Minister Narendra Modi shakes hands World Bank CEO Kristalina Georgieva at a session on India’s Business Reforms, at the Pravasi Bhartiya Kendra in New Delhi. (Photo: PTI)

on Saturday assured complete 'unwavering commitment' and support to fuel India's momentum, adding that New Delhi's success translates to global success.

Addressing the 'India's Business Reforms' session at Pravasi Bhartiya Kendra earlier in the day, Georgieva, citing India's 30-place jump in the 'Ease of Doing Business' report said such an elevation is 'very rare', especially given the size of the Indian population.

"has achieved remarkable overall success. A jump of this nature is very rare, especially in the case of India, with such a large population. Seeds sown of simplification, reduction of administrative barriers, enhanced use of technology, and feedback from end users have resulted in the success. In reforms, what pays off is persistence. What we are seeing is an extraordinary achievement by This needs to translate to more reforms for the future," she said.

Hailing the Goods and Services Tax (GST), Georgieva stated that the system of a unified internal market creates an incredible opportunity for This, she said, is being supported by the development of high-quality infrastructure in for enhanced connectivity, along with efforts in the areas of health, education, sanitation and investing in roping in more women into the workforce.

"India's federalism should work for The foundation of lies in the strength of cooperative and competitive federalism," she said.

Highlighting the four-fold increase in per-capita income, and two-fold in FDI inflow (36 billion in 2014 to 60 billion presently), Georgieva stated that the need of the hour is to retrospect upon the size of firms in and chalk out measures to enhance capacity in order to create more jobs.

First Published: Sat, November 04 2017. 15:10 IST
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