World Bank President Jim Yong Kim described India’s jump in rankings as a “historic, and unprecedented achievement”. (Photo: ANI) World Bank President Jim Yong Kim described India’s jump in rankings as a “historic, and unprecedented achievement”. (Photo: ANI)

World Bank President Jim Yong Kim on Friday congratulated Prime Minister Narendra Modi after India improved its ranking significantly in the ‘Ease of Doing Business’ index. He described India’s jump in rankings as a “historic, and unprecedented achievement”, PTI quoted as PMO’s statement as saying.

In a telephonic conversion, Yong Kim said that it is remarkable that a nation with more than 1.25 billion people has achieved a rise of 65 ranks in a short span of four years. He also promised the World Bank’s “unflinching and continued support” to India’s endeavours on ease of doing business.

The World Bank president attributed the accomplishment to the ‘unwavering commitment and leadership’ of PM Modi to a substantial extent.

Commenting on the rise in rankings, Union Railways Minister Piyush Goyal hailed freedom-icon Sardar Vallabhbhai Patel as ‘pro-business and pro-trade’ and said that by the end of the five-year term PM Modi led BJP government, India will be among the top 50 in the ease of doing business rankings.

READ | India will be among top 50 nations in ‘Ease of Doing Business’ rankings by 2019: Piyush Goyal

“In just four years, we are in the top 80 and I have full confidence that by the end of the fifth year, we will be among the top 50 in the Ease of Ease of Doing Business rankings. I want to tell you that even Sardar Patel had imagined this about 70 years ago. Sardar Patel used to tell people that we should work hard towards making it easy for business and trade,” said Goyal.

(With inputs from PTI)

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