India very well placed globally on ease of doing business, competitiveness: Union MoS Jitin Prasada
New Delhi, May 19
India is "very well placed" globally in terms of ease of doing business and international competitiveness and is rapidly emerging as a preferred global investment destination, Union Minister of State for Commerce and Industry Jitin Prasada said.
"India has very well placed in terms of ease of doing business, international competitiveness, which India is so well placed and what we are doing here under Prime Minister Narendra Modi ji's vision and his directions that India should become that country of the world where there is seamless investment that should come in from the world," he told ANI on the sidelines of ASSOCHAM's India Business Reforms Summit 2026.
The minister also added that the ease of doing business should be further streamlined.
The government has undertaken several reform measures aimed at reducing regulatory burdens and improving the investment climate in the country. Among the major reforms highlighted was the Jan Vishwas Bill, which seeks to simplify business regulations and remove outdated provisions.
"We have gone ahead with the Jan Vishwas Bill, where compliances have been reduced, and criminal offences which are outdated have been done away with. And those are directions that we are moving ahead," he said.
The minister further said the government is working to ensure seamless investment flows into India and strengthen the country's position as a global economic hub.
He also highlighted initiatives such as the Gati Shakti platform, logistics policy and export promotion policy, saying these measures are helping accelerate growth in business activity, infrastructure efficiency and exports.
"The Gati Shakti platform, the logistics policy, the export promotion policy -- all those are showing that India is moving at a rapid pace to ensure that business thrives, investment grows, exports grow," he said.
Highlighting India's growing global trade engagement, the minister said Free Trade Agreements (FTAs) signed by the government have been "commendable" and are helping attract global investors.
"FTAs have been commendable where across the world, the developed world has set its eyes on India as an investment hub and destination," he said.
He added that India is strongly positioned for sustained economic growth due to political stability and policy continuity under the present dispensation.
"We will see that under the strong government and a stable government under Prime Minister Modi ji, we are very well placed to move ahead," he said.
— ANI
Reader Comments
I work in exports and I can say Gati Shakti and logistics policy have genuinely improved timelines. Still need better connectivity in rural areas though. India's potential is huge if we keep this momentum.
FTAs are good but we need to ensure our domestic industries aren't hit. India should negotiate smartly, not just sign deals for optics. That said, stability under Modi ji is definitely attracting investors.
As someone watching from the US, India's reforms are noticeable. But ease of doing business rankings don't always reflect daily experiences for entrepreneurs. Hope the implementation matches the vision.
Finally some good news about India's economy! 🚀 We're seeing more startups and foreign companies coming in. But state-level compliance still needs work. Let's hope the momentum continues.
Political stability is key - we've seen what instability does to investment. But removing outdated criminal offences is long overdue. Many laws were from British era. Good to see reform.
India is definitely rising. But let's not get too complacent - rankings are one thing, actual experience for foreign investors another. Still lots of bureaucracy to cut through.
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