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India betting on GST and IBC to improve ease of doing business rank

In last year's report, 'Doing Business 2018: Reforming to Create Jobs', India had jumped 30 places to the 100th rank among 190 countries.

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ease of doing business

Subhayan Chakraborty New Delhi
The government is banking on big-ticket policy measures such as goods and service tax (GST) and the insolvency and bankruptcy code (IBC) to secure a higher ease of doing business ranking for India in the upcoming survey by the World Bank, set to be released in October.

The high optimism by the Department of Industrial Policy and Promotion (DIPP), which implements the reforms to ease business processes, comes weeks before the official team from the World Bank headquarters in Washington DC reaches India to finalise the country's global ranking. 

On Thursday, senior DIPP officials said multiple reforms in the categories