Sanjay Dalmia Congratulates the Government: Ease of Doing Business Rankings 2018

Sanjay Dalmia - Nationalist, Industrialist and Philanthropist and Chairman of Dalmia Group of Companies

The Thrive Global Community welcomes voices from many spheres on our open platform. We publish pieces as written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Community stories are not commissioned by our editorial team and must meet our guidelines prior to being published.

The ‘Ease of Doing Business’ rankings were released on Tuesday, and the Narendra Modi government couldn’t rejoice more. India has finally joined the top 100 countries on the list. Renowned businessman Sanjay Dalmia has congratulated the government on this remarkable feat in the path of making India emerge as a global superpower, and stated that the feat has been possible only because of strict economic reforms undertaken by the government.

According to the report, India has moved into the top 100 in the World Bank’s ‘Ease of Doing Business’ (EODB) global rankings from last year’s 130. The rankings are a happy sign, as they prove that doing business in India is much easier now than before, thanks to the economic policies that the incumbent government has initiated since 2014. 

Sanjay Dalmia believes that this is a positive report for a government fighting incessant attacks from the Opposition and senior BJP leaders on the negative impacts the demonetization and a hasty rollout of GST. “People have a different perception about the (economic) policies rolled out by the government. I sincerely hope that it (the report) helps people realize that the government is working on the right track,” said Mr Sanjay Dalmia. “The measures (taken by the government) will make sure that India is recognized across the globe as a power to reckon with,” he added.

The report also lists India as one of the top 10 improvers in this year’s assessment, as it implemented 8 out of 10 reforms in ‘Doing business’ indicators. India has improved over last year on eight indicators. The 10 indicators are: starting a business; dealing with construction permits; getting credit; registration of property; getting electricity; protecting minority investors; paying taxes; trading across borders; enforcing contracts and resolving insolvency.

According to Mr Sanjay Dalmia, several factors have contributed in the improvement in India’s ranking. These factors include faster permits for construction, combining the application for the Permanent Account Number (PAN) and the Tax Account Number (TAN) into a single submission, reduction in the time needed to complete the applications for Employee’s Provident Fund Organization (EPFO) and the Employee’s State Insurance Corporation (ESIC).

“Reduction in export and import border compliance costs and improved access to credit is also one of the major contributors. Moreover, the establishment of debt recovery tribunals reduced non-performing loans by 28% and lowered interest rates on larger loans have facilitated faster processing of debt recovery. All this has indeed made running business much easier than it was 5 years ago,” stated Sanjay Dalmia.

You can also watch Mr. Sanjay Dalmia life story and his success.

Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

You might also like...


Ease of doing business: Still a long way to go for India

by Rose Wilson

Education for Sustainable Development: The need of the hour

by Neelam Rawat

Sanjay Bhagat on the Power of Mindfulness in Her Career

by Usman Rao

Sign up for the Thrive Global newsletter

Will be used in accordance with our privacy policy.

Thrive Global
People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.


We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.