Asserting the government's commitment to improve 'ease of doing business' in the country, the Department of Industrial Policy and Promotion (DIPP) has said efforts are being made to bring India into the top 50 ranks.
In a tweet, Commerce and Industry Minister Nirmala Sitharaman has said reforms carried out by the new government after June 1 would be considered for Doing Business Report 2016.
India has been ranked 142 among the 189 countries in the latest report, falling two places from last year's ranking.
"Number of other reforms initiated which are not measured in World Bank's Doing Business Report 2015," DIPP said in a tweet.
Also Read
In September, Prime Minister Narendra Modi had said that India's ranking could be improved to the 50th position by making government regulations easier.
According to DIPP, the government has taken many steps including issuance of checklist with specific timelines for processing applications filed by foreign investors and launch of single registration -- Labour Identification Number -- for labour related compliances.
Among others, a large number of parts/components have been excluded from industrial licensing, application for environment and forest clearances made online, DIPP said.
"World Bank Senior Vice President and Chief Economist recognised these reform measures but expressed inability to include in Doing Business Report, 2015," another DIPP tweet said.
India's former chief economic adviser Kaushik Basu is currently holding the post.