Gujarat tops in ease of doing business in India: World Bank Report
Gujarat has been placed to top position in World Bank’s first ever ranking of States on the ease of doing business in India.
The World Bank report titled Assessment of State Implementation of Business Reforms was released in New Delhi under the aegis of the Confederation of Indian Industry (CII).
The inaugural edition of report reflected the ease of doing business in all Indian States at sub-regional level.
- All States were assessed over a six-month period from January to June 2015 on the basis of percentage scores in a 98-point reforms agenda.
- The Union Department of Industrial Policy and Promotion, CII, Federation of Indian Chambers of Commerce and Industry (FICCI and KPMG were involved in the exercise.
- Top 5 States: Gujarat (71.14%), Andhra Pradesh (70.12%), Jharkhand (63.09%), Chhattisgarh (62.45%) and Madhya Pradesh (62.00%).
- Bottom 5 states: Mizoram (6.37%), Jammu and Kashmir (5.93%), Meghalaya (4.38%), Nagaland (3.41%) and Arunachal Pradesh (1.23%).
- The largest recipients of foreign investments Maharashtra and Tamil Nadu were placed at eighth and twelfth position with less than 50 per cent scores.
- The focus of the study for assessment was mostly undertaken on eight key important parameters: The setting up of a business, complying with environment procedures, allotment of land and obtaining construction permit, complying with labour regulations, registering and complying with tax procedures, obtaining infrastructure-related utilities, carrying out inspections and enforcing contracts.
Categories: Business, Economy & Banking