- The Department of Industrial Policy & Promotion has been monitoring two segments of the business reforms. The first segment relates to India’s efforts in improving its rank in World Bank’s Doing Business Report. In the Doing Business Report released in 2014 India was ranked 142 among 189 countries. As a result of reforms undertaken by the Government, India now ranks at 77 among 190 countries in the Doing Business Report 2019 released by the World Bank Group on 31st October, 2018. Since 2014 India has improved its rank in 8 indicators recording an impressive jump of 65 places in last 4 years.
- The second segment in which business reforms are implemented relate to activities covered by State Governments. The Department of Industrial Policy and Promotion shares a Business Reform Action Plan for implementation. The Plan is prepared in consultation with the State Governments which are actively participating in the reform exercise. So far, three rounds of reforms and assessments have taken place. The scores of implementation of Business Reforms Action Plan have improved significantly. While there was no State which scored more than 75% in the first round of assessment released in 2015, 18 states scored 80% or more in the latest round of assessment release on 10th July, 2018.
- The Department of Industrial Policy and Promotion has developed a Reforms Action Plan for districts identifying important government services that are delivered through district administration.