: WB Group decision to discontinue Doing Business report exposes China’s fraud: Govt source #FinanceIndia #StockMarketNEWS #Business PTI New Delhi The World Bank Group’s decision to discontinue

@StockMarketNEWS Tue 21 Sep, 2021

Posted in: #Business #FinanceIndia #StockMarketNEWS

WB Group decision to discontinue Doing Business report exposes China’s fraud: Govt source #FinanceIndia #StockMarketNEWS #Business
PTI

New Delhi

The World Bank Group’s decision to discontinue publication of the Doing Business ranking report has exposed China’s fraud and would lead to shifting of manufacturing bases to India, a government source said on Friday.

The World Bank Group has decided to discontinue publication of the report on country investment climates following allegations of irregularities.

The decision was taken after data irregularities allegedly due to pressure by some top bank officials to boost China’s ranking in 2017 came to light.

“No irregularities were found in Indian data. India remains the preferred investment destination for the world and a reliable, trustworthy destination while China slipping in attractiveness.

“Fraud by China will boost multilateral initiatives like Supply Chain Resilience Initiative to move manufacturing to India,??? the source said.

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