The Prime Minister of India launched a Grand Challenge on resolving seven identified Ease of Doing Business problems with the use of cutting-edge technologies. The objective of this Challenge is to tap the potential of young Indians, startups and other private enterprises to provide solutions to complex problems using current technology.
The objective of this challenge is to tap the potential of young Indians, startups and other private enterprises to provide solutions to complex problems using current technology. It is in pursuance of Government’s resolve to make India one of the easiest places to conduct business in the world.
This challenge is aimed at attracting innovative ideas on artificial intelligence (AI), Internet of Things (IoT), big data analytics, blockchain and other cutting-edge technology to reform government processes. The platform for this grand challenge will be on Start Up India portal.
In World Bank’s Doing Business Report (DBR, 2019), India has recorded jump of 23 positions against its rank of 100 in 2017 to be placed at 77th rank among 190 countries. India has improved its rank by 53 positions in the last two years and 65 positions in the last four years (2014-18).
World Bank’s Ease of Doing Business index ranks 190 countries based on 10 parameters, including starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts, and resolving insolvency.