India is likely to improve its ranking in the World Bank's ease of doing business index this year and its chances of being among the top 50 countries by 2016 are very high, DIPP Secretary Amitabh Kant has said.
"The Government is attempting to dismantle unnecessary procedures," Kant said, adding that states were also contributing to the process and were being continuously assessed.
Kant was addressing business representatives at the release of a report on 'ease of doing business' compiled by the PHD Chamber on Thursday.
The World Bank's ease of doing business is flawed as it uses inputs from Delhi and Mumbai, the Secretary said.
The DIPP's report on ranking of states, that it brought out with the help of World Bank and KPMG last month and has details of performance of all states in the country, will be improved further next year by basing the assessment on 336 parameters as against 100 this year.
"We will name and shame states that underperform on ease of doing business parameters. We will also ensure start-ups don't have to go through complicated procedures," Kant said.
The ranking of states is part of the Centre's efforts to ensure a better ranking in the World Bank's 'ease of doing business' report. India was ranked 142 among 189 nations in the 2015 report, two notches lower than the previous year.