The PM has launched the Ease of Doing Business Grand Challenge.
EoDB Grand Challenge
- 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 aim is to make India a 5 trillion dollar economy in the shortest possible time.
- The platform for the Grand Challenge is the Startup India Portal.
- The objective is to tap the potential of young Indians, startups and other private enterprises to provide solutions to complex problems using current technology.
According to the World Bank’s Doing Business Report (DBR, 2019):
India improved its ranking from 100th position in 2017 to 77th position in 2018 (a jump of 23 positions) among 190 countries.
Also India has improved its rank by 53 positions in the last two years and 65 positions in the last four years [2014 – 2018].