World Bank president Jim Yong Kim on Friday, 2 November, described India's jump in the ease of doing business index as a "historic and unprecedented achievement".
Kim made these remarks during a telephonic conversation with Prime Minister Narendra Modi, a statement from the Prime Minister's Office said.
He said it is remarkable that a nation of over 1.25 billion people has achieved a rise of 65 ranks in a short period of four years.
The World Bank chief also recalled the recent honours received by the Prime Minister, including the UNEP Champions of the Earth Award and the Seoul Peace Prize, and congratulated him for the same.
Modi thanked the World Bank president for the institution's continued guidance and support in India's efforts to improve ease of doing business.
He added that the World Bank's rankings are a source of inspiration for India, in its quest to improve ease of doing business, the statement said.
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