World Bank’s 30 point up ranking is a matter of pride for...

World Bank’s 30 point up ranking is a matter of pride for many while disgusting to some

116

It’s definitely a matter of immense pride for India to have been recognised by World bank for coming 30 points up this time from the previous 130 in the prestigious global ranking thus accepting the fact that India has definitely progressed by leaps and bounds especially in terms of creating an atmosphere of goodwill and confidence amongst the entrepreneurs, domestic and foreign to do business in India with ease and with no future hassles.

This outstanding achievement is surely an issue which is being politically exploited by the ruling party BJP in Gujarat and Himachal Pradesh where hectic campaigning is on and elections are due for November and December. Well, while BJP led NDA is quite happy with this latest certificate of merit with country’s sensex and Nifty climbing high, the main rival Congress and its fire brand leader Rahul Gandhi and other anti BJP parties are least happy, by enhancing their tirade against the centrally ruled political dispensation accusing them of misguiding the people of the country by confining the survey to mere two states of Mumbai and Delhi and intentionally sidelining the other states where the situation is quite adverse and in jeopardy after the implementation of GST and demonetisation which Rahul termed as anti small and medium businessmen.

He outrightly and most vociferously while deploring this indicator of World Bank Ranking said that India does not need a certificate of baseless recognition from any international agency when its crystal clear within the country that small and medium entrepreneurs have been completely put into trouble and extreme inconvenience in conducting their respective businesses and about 4 lakh people, especially the youth and labour have become unemployed after the implemention of demonetisation and GST. Gujarat witnessed one of the hugest rally ever against GST denouncing the BJP led government at the Centre.

The point, is how can an international body set a benchmark of doing business with ease by just assesing the perception of business scenerio of Delhi and Mumbai leaving or excluding states like Chennai, UP, Gujarat, Karnataka, Punjab or Rajasthan etc including the derogatory after affects of demonetisation and even GST, which has literally put the lives of the billions of entrepreneurs and the workforce of the country in quandary.

According to the news, the evaluation for doing the ease of business ranking is very complicated. The benchmark based on the data from Delhi and Mumbai for the current year till June 2017, places India amongst the top ten countries who’ve improved excellently, having performed well in 8 out of the 10 business indicators.

This world bank’s ranking lifting India 30 points higher in a year is rated as one of the outstanding performances of the government under prime minister Narendra Modi’s efficient and dynamic leadership, claim the senior BJP leaders while the opposition parties call this just an eye wash to befool people and entrepreneurs of the country with skyrocketting inflation in petrol , diesal, LPG cylinder prices, finally leading to multiplying inflation in the prices of essential commodities despite lowering prices of international crude and the government’s financial coffers’ full of 15000 lakh crores after demonetisation as claimed by it.(BJP)

The increase in 30 point ranking of India will not only create a widespread positive environment in making India an international business hub by encouraging foreign investors put their billions of dollars in India but also help in enhancing India’s growth rate to the considerable level, thus opening doors for massive employment, say BJP leaders.

SUNIL NEGI

Comments

comments

loading...