Suresh Prabhu indicates improvement in India’s ranking in World Bank’s doing biz index

Suresh Prabhu hinted at improvement in India’s ranking in the World Bank’s ease of doing business report, to be released Wednesday. We already have improved substantially. We will make the formal announcement tomorrow with the World Bank (releasing its report), Prabhu said. He said that India would like to work with the US on global challenges to multi-lateral trading system and matters related to existential issues of the World Trade Organisation (WTO). Citing a report, he said about 2,300 firms operating in China may be looking to shift their bases outside and we want to offer them a choice based on intrinsic advantages that India offers.

As many as 3,500 Indian products from different sectors like chemicals and engineering get duty-free access to the US market under the GSP, introduced in 1976.

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