World Bank report: Confederation of Indian Industry says India's performance has improved despite drop in ranking

Commenting on the latest World Bank Report on the "Ease of Doing Business", CII Director General, Chandrajit Banerjee, said on Thursday that in spite of a drop in ranking, India's performance has improved over the last year.

However, the performance of the other countries has been better and therefore, India has dropped in ranking in spite of improved performance score.

"The actions taken by the new government have not been factored in the report as the data has been analyzed till June 2014. We have seen a slew of measures, aimed at ease of doing business, being announced by the government in the last four months," said Banerjee.

The new Government's vision to improve the ranking of India to 50 in two years' period is achievable and possible especially in the light of the pace of actions taken by the Government.

CII has done extensive work in the area of Ease of Doing Business and has clearly specified actions to be taken by various stakeholders. The government has been most pro active and the results in terms of swift decisions and measures that have been taken.

CII has also identified good practices across various states which can be safely emulated across the nation in the quest for improving India's ranking.