'Reform, Perform & Transform' to take India to greater heights: PM Modi

Prime Minister Narendra Modi on Tuesday applauded India's jump in the 'Ease of Doing Business index' report issued by the World Bank.

Taking to Twitter, the Prime Minister said that an easier business environment is leading to historic opportunities for the entrepreneurs, particularly the MSME sector.

"Easier business environment is leading to historic opportunities for our entrepreneurs, particularly MSME sector & bringing more prosperity," said the tweet.

Prime Minister Modi also said that the present years are the easiest in terms of exploring business opportunities in India.

"It has never been easier to do business in India. India welcomes the world to explore economic opportunities our nation has to offer."

"Guided by the Mantra of 'Reform, Perform & Transform' we are determined to further improve our rankings & scale greater economic growth," read another tweet.

In accordance with the World Bank's 'Ease of Doing Business index', India has risen as much as 30 positions to rank 100th amongst 190 countries.

The Ease of Doing Business report is based on how easy it is for companies to do business as well takes in account certain regulations based on ten parameters including starting a business, getting electricity, dealing with construction permits and paying taxes among others.

Earlier in 2016, India was ranked among top 50 in three categories including minority investment, getting electricity and getting credit, but it ranked among the worst in the world in dealing with construction permits, resolving insolvency, registering property, trading across borders, paying taxes and enforcing contracts.