New Delhi: The reforms carried out by the Centre in the past five years at the grassroots level have led to significant improvement in India's global ranking in many fields, said President Ram Nath Kovind on Friday.
"Thanks to the efforts made by the government at the ground level in the past five years, there is a significant improvement in India's global ranking in many fields," said President Kovind, while addressing the Joint Session of Parliament, marking the beginning of Budget Session.
Referring to the World Bank's 'Ease of Doing Business' ranking, the President said that India has jumped to 63rd position from 79.
"In Resolving Insolvency ranking, India has reached 52nd position from 108th while in the Global Innovation ranking 52nd from 74th," he said.
Talking about Performance Index, President Kovind said that India has improved by 10 points while in Travel and Tourism Competitiveness ranking of World Economic Forum, India has reached 34th position from 52nd.
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President also said that the world's third-biggest start-up ecosystem is in India.
"Today, the third biggest start-up ecosystem is in India. Under the Start-Up India, 27,000 new start-ups have been given recognition," said Kovind, while addressing the Joint Session of Parliament at the beginning of the Budget Session.
"Under MUDRA Yojana, five crore and 54 lakhs new entrepreneurs have taken loan across India. Under this scheme, more than Rs 10 lakh crore has been given as loan up till now," he said.
Start-up India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design.
The President also stressed the need for keeping "national interest paramount" while fulfilling the hopes and aspirations of the countrymen.
President Kovind also said that this decade is very important for the country.
"In the last five years, the government has laid the foundation for making this century Bharat's century. This decade is very important for Bharat," he said.
The Union Budget will be presented on Saturday. The first phase of the session will conclude on February 11, while the second part of the session will begin from March 2 to end on April 3.
(With inputs from agencies)
