IBC improves biz climate by allowing easier exit: FM

New Delhi: The Insolvency and Bankruptcy Code (IBC) has improved business climate in the country by making it easier for enterprises to exit in case of difficulties, Finance Minister Nirmala Sitharaman said here on Tuesday.

"Very constant real time changes were brought in (by IBC). We have reached a stage where we can stand up for international standards in ease of doing business...And ease of doing business is the one which is also going to help us very clearly for people wanting to do business and not fear doing business because you are not going to get into this and not know the way to come out," she said.

She said IBC has created a set of professionals who help, advise and also show the path through which businesses can exit if situations are adverse.