Prime Minister Narendra Modi on Monday launched grand challenge for improving the Ease of Doing Business in New Delhi.

The objective of this grand challenge is to invite innovative ideas based on Artificial Intelligence, Internet of Things, Big Data Analytics, Blockchain and other cutting-edge technology to reform Government processes. The platform for the Grand Challenge is the Startup India Portal.

Reflecting on the ease of doing business programme, the Prime Minister said, there is a need of more investment to enhance the growth and development in the country.

Mr Modi said, the Centre is working with the State governments to transform the country as well as in improving its rank at the global level.

The Prime Minister said, before 2014, there was policy paralysis, but within four years, the country witnessed a complete change and the era of policy paralysis ended.

He said, India is now at 77 rank from 142 in Ease of Doing Business. Mr Modi said, a jump of 65 points in the rank in just four years is a record for any country. He said, the country is now only a few steps behind to achieve the goal of 50th position in the Ease of Doing Business.