GET Stock QuotesNews18 APP
News18 English
»
1-min read

Easier to do Business in India Than Ever Before, Says PM Modi

The jump to 100th rank on this year's World Bank Ease of Doing Business index, from last year's 130, is the biggest by any country this year, he said while addressing the World Food India conference here.

PTI

Updated:November 3, 2017, 12:04 PM IST
facebookTwittergoogleskypewhatsapp
Easier to do Business in India Than Ever Before, Says PM Modi
File image of Prime Minister Narendra Modi. (Image: CNN-News18)
New Delhi: Prime Minister Narendra Modi on Friday asserted that it is now easier to do business in India than ever before after the country leaped 30 places to break into top 100 nations worldwide.

The jump to 100th rank on this year's World Bank Ease of Doing Business index, from last year's 130, is the biggest by any country this year, he said while addressing the World Food India conference here.

India, he said, is one of fastest growing economies in the world and implementation of the Goods and Services Tax (GST) from July 1 has eliminated multiplicity of taxes.

The prime minister invited global companies to come and invest in the food process industry in India, saying it offers immense opportunity.

He made a point that more investment is required in contract farming, raw material sourcing and creating agricultural linkages.

There are opportunities in post-harvest management, Modi said, adding that there is immense potential for value addition in areas such as organic food.

He also spoke of the government targeting doubling of farmers' income in five years. India can provide solution and offer win-win partnership combination of traditional Indian food and modern technology, the prime minister stressed.

Also Watch

Read full article
Most Active
Company Price Change %Gain
Tata Motors 288.25 -21.20 -6.85
SBI 266.35 +3.15 +1.20
PC Jeweller 187.25 -9.70 -4.93
Jet Airways 385.95 -35.15 -8.35
Vedanta 251.90 -0.75 -0.30
Company Price Change %Gain
Marico 316.40 +6.00 +1.93
Tata Motors 288.30 -20.95 -6.77
HDFC Bank 1,958.90 -8.05 -0.41
Adani Ports 370.80 -2.70 -0.72
PC Jeweller 187.25 -9.55 -4.85
Top Gainers
Company Price Change %Gain
Sun Pharma 469.00 +16.75 +3.70
Infosys 1,216.55 +31.65 +2.67
TCS 3,578.50 +83.40 +2.39
Bharti Airtel 364.50 +7.70 +2.16
HCL Tech 913.50 +19.15 +2.14
Company Price Change %Gain
Sun Pharma 468.75 +16.80 +3.72
Infosys 1,215.85 +30.60 +2.58
TCS 3,578.90 +81.85 +2.34
Bharti Airtel 364.25 +7.45 +2.09
Tata Steel 546.55 +7.30 +1.35
Top Losers
Company Price Change %Gain
Tata Motors 288.35 -21.10 -6.82
ONGC 169.90 -5.50 -3.14
Grasim 1,015.55 -31.80 -3.04
GAIL 315.50 -7.45 -2.31
HPCL 282.15 -4.85 -1.69
Company Price Change %Gain
Tata Motors 288.30 -20.95 -6.77
ONGC 170.20 -5.35 -3.05
Bajaj Auto 2,739.15 -36.65 -1.32
Hero Motocorp 3,454.35 -27.80 -0.80
Maruti Suzuki 8,432.00 -68.90 -0.81