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India needs to further improve ease of doing business ranking: Cherie Blair

Press Trust of India  |  New Delhi 

needs to further improve its ease of doing business ranking as in the next 20 years it is set to become the world's second largest economy, British and human rights campaigner today said.

is the only large country in 2017 to have achieved such a significant shift on the back of reforms in taxation, construction permits, investor protection and bankruptcy resolution.

Underlining that India's place in the world has changed for the better, Blair said there is a need for further improvements.

"It is great that India's ranking has improved for ease of doing business to 100 but given the predictions that in the next 20 years is going to be the second largest economy in the world, the ease of doing business should be better than this," the 63-year-old said.

She also praised India's support to globalisation.

"is an advocate of globalisation and is one of the few world leaders speaking against protectionism," she said.

"(Donald) Trump is no friend of globalisation unless it puts first. Even the UK is going down track by turning back on trading relationship with European partners but India's position has strengthened," she said while delivering a lecture on 'Elevated Aspirations for Investment into India'.

The wife of former British also talked about how bringing gender parity would help in development of India.

A group of senior government, military judiciary and members participated in a discussion on making a favourable environment for attracting foreign direct investment into India. The event was organised by Global Dialogue Review magazine.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 21:25 IST