World Bank ranks India at 132

As per the World Bank Report, India has been ranked at 132 amongst the sample 183 countries, said Minister of State for Corporate Affairs R.P.N. Singh on Thursday.

"Recognising the need for Reforming the Regulatory Environment for doing business in India, a Committee under the Chairmanship of Shri. M. Damodaran has been constituted on 23.08.2012 by this ministry to extensively examine different areas of root functioning such as financial reforms, governance reforms, liberalized policy framework, process reforms etc, and to suggest a roadmap for improving business climate in India," said Singh in Lok Sabha.