​​​
  1. Gujarat tops World Bank’s ease of doing business index

Gujarat tops World Bank’s ease of doing business index

In India, it is much easier to do business in smaller and younger states such as Jharkhand and Chhattisgarh, according to a state-wise ranking list compiled by The World Bank released on Monday.

By: | Updated: September 14, 2015 5:43 PM
business model in india

Jharkhand, which was carved out as a new state in the early part of the millennium, ranked third with 63.09% followed by Chhattisgarh, which was also formed during the same time, with 62.45%.

In India, it is much easier to do business in smaller and younger states such as Jharkhand and Chhattisgarh, according to a state-wise ranking list compiled by The World Bank released on Monday.

Jharkhand, which was carved out as a new state in the early part of the millennium, ranked third with 63.09% followed by Chhattisgarh, which was also formed during the same time, with 62.45%.  These two states came just after Gujarat and Andhra Pradesh, which ranked first and second, with 71.14%, and 70.12%, respectively.

Maharashtra, India’s biggest industrialized state, and home to many engineering and automobile firms, fell far behind at eighth rank, and scored 49.43%. It was preceded by Madhya Pradesh,  Rajasthan and Odisha, according to the report.

The graphic below attempts to summarize the race to 100% implementation status:

busines-index

The overall findings is part of the Central government’s efforts along with The World Bank, and industry bodies, to assess the parameters and the business-friendly states in the country. The rankings are based on a 98-point action plan, the report showed.  Each of the implmentation status is converted into a percentage, and the basis of the total, they have been given a ranking, it said.

States with overall implementation between 50% and 75% have been categorised as “Aspiring Leaders” by the report. While none of the 32 Indian states, made to the leadership status, which needs a ranking for an overall implementation of 75% and above.

Northeastern states of Meghalaya, Nagaland and Arunchal Pradesh, ranked among the last three scoring less than 5% in overall implementation of the action plan, and needs jump start, the report added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top