Global Finance: Reforms give a major boost to banking business

The World Bank’s 2018 edition of its Ease of Doing Business index placed India in 100th place, up by 30 from last year. This is mostly because of Indian Prime Minister Narendra Modi’s efforts to boost the country’s global appeal, according to the World Bank. Jaideep Prabhu, Jawaharlal Nehru Professor of Business and Enterprise at Cambridge Judge Business School, said that since 2014 Modi campaigned on a platform of “minimum government, maximum governance.” This was a carefully chosen slogan designed to build on his reputation as a competent, business-friendly politician who understood that India needed a more rational form of government that created jobs.

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