As per the World Bank Report, India has been ranked at 132 amongst the sample 183 Countries. 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.
This information was given by Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Lok Sabha today.