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"Our infrastructure plan will contribute 2-3 percent to the GDP and will create 2 lakh crore jobs. The biggest profit is that NHI will become more autonomous.

Credit availability ranking has improved to 29 from 44 and ease of paying taxes has seen a jump to 119th position from 172nd previously.

"This is a major major jump," Rita Ramalho, Acting Director for World Bank's Global Indicators Group, told PTI in Washington, attributing the climb of 30 places to the series of reforms undertake by the Modi government since 2014.

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On 31st October 2017 India jumped 30 places to rank 100th in the World Bank's 'ease of doing business' ranking , sending the jubilant government to vow to continue reforms that will help the country break into top 50 in the coming years.

Among BRICS countries, Russia tops the list with 35th position, followed by China which has retained its ranking at the 78th place for the second consecutive year. The biggest surprise of this year, the authors of the report said, is India, which jumped 30 spots in one year by improving its score by 4.71 to 60.76 points.

Brazil is the only BRICS nation that is behind India.

The parameters that witnessed improvement in 2016-17 were India making it faster for start business, reduction in procedures and time required to obtain building permit, easier access to credit, protecting minority investors, ease of paying taxes, trading across borders, enforcing contracts and making resolving insolvency easier, the World Bank said.

But it still lags in areas such as starting a business, enforcing contracts and dealing with construction permits.

In its annual report 'Doing Business 2018: Reforming to Create Jobs', the World Bank said that India's ranking reflects nearly half of the 37 reforms, adopted since 2003, implemented in the last four years.

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