The Congress accused the Modi government of trying to hide behind World Bank reports to mask the "grim reality" regarding the economy and said Arun Jaitley has proved to be "the worst Finance Minister in India's history".
India ranked 100th, up more than 30 places, and was among the top 10 most-improved, having implemented eight reforms between 2016 and 2017.
Dealing with Construction Permits: India made dealing with construction permits less cumbersome by implementing an online system that has streamlined the process at the Municipality of New Delhi and Municipality of Greater Mumbai.
The Doing Busines Report 2018 on ease of doing business 2018 was made public at 7:30pm IST.
She also added that India's improvement is the highest amount of improvement across any region and the world.
"The government has strategically addressed choke points of the business ecosystem in a mission mode to improve India's rank and break into the list of top reforming nations".
"Hiding behind the World Bank reports will not alter this grim reality", Surjewala said in a statement. However, the number of procedures is still cumbersome for local entrepreneurs who still need to go through 12 procedures to start a business in Mumbai.More news: Bills get WR Kelvin Benjamin in surprise trade with Panthers
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Talking exclusively to ANI, Dixon said, "If we see continued leadership and coordination, we would expect India to continue to make good progress in coming years".
"Tackling these challenging reforms will be key to India sustaining the momentum towards higher ranking", said Junaid Ahmad, World Bank country director.
Banerjee, however, rued that one of the most important reforms - GST - has not been considered in this year's report owing to cut off date.
Russian Federation has steadily risen in the overall "Doing Business" rankings over the years. The International Monetary Fund expects the economy to grow 6.7% this year - slower than China, he said.
Giving examples, he said India is ranked low at 164th in enforcement of contracts but with arbitration act will help improve this.
Cheered by the country's 30-notch jump to 100th in the World bank's ease of doing business ranking, India Inc today said the improved performance will boost investor sentiment, even as the industry believes a "lot more needs to be done" on the reforms front.
Resolving Insolvency: India made resolving insolvency easier by adopting a new insolvency and bankruptcy code that introduced a reorganization procedure for corporate debtors and facilitated continuation of the debtor's business during insolvency proceedings. FICCI would continue to seek policy measures and bureaucratic reform that would contribute to a sustained improvement in India's rank.