Asia Competitiveness Institute Current Affairs - 2020
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The Asia competitiveness institute (ACI) has released the Ease of Doing Business Rankings for Indian states.
Rankings of Indian States
Andhra Pradesh has topped the Ease of Doing Business rankings. Maharashtra and Delhi came in second and third place respectively.
Performance of Andhra Pradesh
Andhra Pradesh has jumped from the 7th rank in 2016 to the 3rd rank in 2018 in Attractiveness to Investors and the rankings have been increased from 6th to the 1st position in Business Friendliness.
The ranking of Andhra Pradesh dropped from 2nd to the 4th rank in Competitiveness Policies. Overall the ranking of Andhra Pradesh has increased from 5th rank in 2016 to the top spot in 2018.
Scope for Improvement for Andhra Pradesh
The ACI has highlighted the following areas for improvement for Andhra Pradesh in its report:
- The report states that Andhra Pradesh needs to bridge numerous institutional and infrastructural gaps in order to sustain its position in the future.
- There was sufficient room for improvement in subenvironments such as facilitating business operations, infrastructure resilience and market
- The weakest indicators for the state of Andhra Pradesh were Worker density, foreign direct investment per capital, labour productivity, and the illiteracy rate.
Taking note of the findings of the report the Chief Minister of Andhra Pradesh has announced that the state government will consider the observations of the ACI EDB rankings report and strengthen the areas of weaknesses.
Tags: ACI • Andhra Pradesh [APPSC] • Asia Competitiveness Institute • Delhi • Ease of doing business