Ease of doing biz: India needs reforms to be in top 50, says World Bank

India needs a fresh set of “bold reforms” in the next three to four years if it wants to be among the top 50 countries with ease of doing business, a top World Bank official said on Thursday.

The official’s remarks came as India jumped 14 places to take the 63rd position on the World Bank's ease of doing business ranking.

With the current reform agenda that the bank is watching like Insolvency and Bankruptcy Code, enforcing contracts, tax reforms being completed next year or the year after, India can get within the top 50, “may be even in the 40”, Simeon