Lauding India’s increasing per capita income, World Bank CEO Kristalina Georgieva said she has no doubt that India will be a high-middle income country by 2047 when it completes its centenary year of independence. Georgieva praised India for its sudden jump of 30 ranks in 2017, the biggest leap ever, in the history of the ease of doing business. She hailed Prime Minister Narendra Modi for his “high-level ownership” efforts and “championship of reforms” that led to achieve India such a ranking in ease of doing business.

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