Prime Minister Narendra Modi has launched the Ease of Doing Business Grand Challenge at an event in Lok Kalyan Marg in New Delhi.
The objective of this challenge is to invite innovative ideas based on Artificial Intelligence, Internet of Things, Big Data Analytics, Blockchain and other cutting edge technology to reform Government processes. The platform for the Grand Challenge is the Startup India Portal.
Addressing the gathering on this occasion, the Prime Minister complimented industry representatives and all others present, for their efforts in improving India's ranking in "Ease of Doing Business (EoDB)."
He recalled that when he had first articulated his vision for India to break into the Top 50 in EoDB rankings in the years to come, it was greeted with skepticism. He added, however, that a great improvement is now visible in just four years. He said the EoDB rank has improved by 65 spots in this period. He said India now ranks first in South Asia, and is just some steps away from the Top 50 target. He said that the Union and State Governments have both worked together towards improving EoDB, in the spirit of cooperative, competitive federalism.
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