4 Institutes To Help Improve India's 'Doing Business' Ranking
Commerce and Industry Ministry has appointed four institutes, including IIFT and ICAI, to interact with stakeholders and suggest measures to push India’s ranking in ease of doing business index, an official said. The National Institute of Construction Management and Research (NICMAR), the Indian Institute of Foreign Trade (IIFT), the Institute of Company Secretaries of India (ICSI) and the Institute of Chartered Accountants of India (ICAI) are the four institutes that have been roped in for the exercise. As per the latest World bank’s Doing Business ranking, India’s position improved by 30 places to 100th. The government wants India to figure within top 50 in the coming years. “We have appointed these four observers. They would take views of respondents on the parameters which are taken into in the ranking process. We would then share the feedback with the concerned ministries,” said a government official, who did not wish to be named.