And we begin! Our distinguished panelists are hr. Stay tuned to our timeline for live updates #MakeInIndia… https://t.co/lMIQBonUln — Make in India (@makeinindia) 1509771398000

GST will surely benefit the Ease of Doing Business: PM @narendramodi #EoDBIndia @CimGOI https://t.co/AQn2D4Zv67 — EODB India (@EODB_India) 1509774000000

We are a young country and job creation is an opportunity as well as a challenge: PM Modi at 'India's Business Refo… https://t.co/b0z5mjYKOm — ANI (@ANI) 1509773962000

We are dedicated towards making GST even better with the help of feedback from Indian businessmen: PM @narendramodi #EoDBIndia @CimGOI — EODB India (@EODB_India) 1509774119000

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NEW DELHI: On Saturday, Prime Minister Narendra Modi said that ease of doing business leads to ease of life. Speaking at a conference, 'India's Business Reforms', he said that the ease of doing business impact shows that lives of citizens have become better. He also congratulated 'all those who have worked' towards India's impressive performance in the World Bank 's latest report on Ease of Doing Business.Reiterating his mantra of 'reform, perform, transform', PM Modi said," India has reached a position from where it is easier to improve further and our efforts have gathered momentum." He further said, "India is moving towards becoming a knowledge based, skill developed & technology driven economy", while pointing out that India has also moved 32 places up on Global Competitiveness Index. He said that the government is putting efforts to make business environment simpler and inducive, claiming that more than 90 per cent of FDI approvals are taking place through automatic route. Furnishing data to support his claim, prime minister said total FDI inflow into India has seen a 67 per cent increase in the last three years and in August 2017, India receive FDI worth $9.64 billion- the highest ever for a month.He exuded confidence that India's ease of doing business ranking will further improve next year when the impact of GST is taken into account. This year's report did not reflect GST's impact as the cut-off date for the report was June 1, a month ahead of GST launch.PM Modi was in attendance at the conference with World Bank CEO Kristalina Georgieva , Minister of Commerce and Industry, Suresh Prabhu and a bevy of government officials.He also appreciated World Bank's decision to focus the report on jobs and accepted it as a challenge. The report was titled "Doing Business 2018: Reforming to Create Jobs"The prime minister also backed his motto of 'minimum government, maximum governance' by claiming that over 1,200 'archaic' laws have been deleted which have contributed towards easing regulations for business.Highlighting the importance of the rankings, World Bank CEO Georgieva hailed it as a "pragmatic and progressive way to prove that progress is being made" and congratulated the 'cricket loving nation' of India for 'hitting a century. She also lauded India's adoption of GST saying it creates an incredible opportunity for India to grow.In the latest World Bank report, India jumped 30 places to be placed at 100th position on the Ease of Doing Business rankings. A series of reforms brought by the government, led by the implementation of enactment of Insolvency and Bankruptcy Code (IBC), has been credited for the jump. In its annual report , the World Bank said that India's ranking reflects nearly half of the 37 reforms, adopted since 2003, implemented in the last four years.