Prime Minister Narendra Modi launched the Ease of Doing Business (EoDB) Grand Challenge on November 19, inviting ideas to reform government processes using new technologies such as Artificial Intelligence (AI), Internet of Things (IoT), big data analytics, and blockchain.
PM Modi made the announcement at a meeting with industry leaders and cabinet colleagues, adding that India now ranks first in South Asia and is just a few steps away from breaking into the top 50 ranks in the World Bank’s biannual EoDB Index.
The recently released Doing Business Report (DBR, 2019) by the World Bank stated that India had jumped 23 positions forward to rank 77th among 190 countries as compared to its 100th position in 2017.
The Index ranks countries on the basis of 10 parameters such as starting a business, construction permits, getting electricity, getting credit, paying taxes trade across borders, enforcing contracts, and resolving insolvency.
The World Bank recognised India’s improvement in helping businesses get electricity, credit and protecting minority investors and ranked the country among the top 25 in the world on these three indicators.
Earlier in July 2018, the World Bank and India’s Department of Industrial Policy and Promotion (DIPP), jointly released a separate EoDB index at the state level, wherein Andhra Pradesh scored the top position followed by Telangana and Haryana.
DIPP also plans to add categories such as retail, telecom, and petroleum in the EoDB ranking of states next year.
According to an official statement, the online portal of Startup India will be the platform for this newly launched challenge
The prime minister also highlighted the importance reduce the human intervention and increase the use of modern and digital technologies.During the Monday meeting Modi said that he plans to make the country a trillion dollar economy in the shortest possible time.