Prime Minister Narendra Modi on Monday launched a Grand Challenge on resolving seven identified Ease of Doing Business problemswith 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.

Modi, at a programme organized at his residence, yesterday, interacted with select CEOs from Indian & foreign companies.

The Prime Minister apprised CEOs of the efforts being made by the Government to ensure that India consistently improves its business environment.

He reiterated his resolve to make India one of the easiest places to conduct business in the world.

Hartwig Schafer, Vice President, South Asia of the World Bank Group, also addressed the gathering and appreciated the enormity of India's achievement.

He also stressed that it gets tougher to improve ranks as a country moves higher up in the ranking and expressed his belief that India will continue to maintain the momentum it has gained over the last four years in its efforts in improving Ease of Doing Business.

In the World Bank's Doing Business Report (DBR, 2019) released on 31st October 2018 India has recorded a jump of 23 positions against its rank of 100 in 2017 to be placed at 77th rank among 190 countries assessed by the World Bank.

As a result of continued efforts by the Government, India has improved its rank by 53 positions in the last two years and 65 positions in the last four years [2014-18].