India difficult place for business; reforms needed: World Bank
Sakshi Education
The World Bank said that India remains a difficult place to do business. It advised the central and state governments to pursue more reforms in the areas of inspection norms, digitisation of requisite business documents and comprehensive data on available land.
The report does list positive steps in the areas of taxation and labour rules. However, it points to a poor showing in inspection norms, digitisation of records and adoption of (information) technology as serious drawbacks in increasing the ease of doing business.
India is ranked 142nd among 189 nations in the World Bank's Ease of Doing Business 2015 study. The present government aims to improve the country's ranking to 50 in the next couple of years.
All India's states are yet to begin implementing electronic courts - district courts which allow for e-filing of disputes, issuance of e-summons, online payments, e-cause lists and digitally signed court orders. And, 26 states are yet to introduce reforms along a wide range of labour inspections under various acts or on inspections related to building permits. Twenty five states lack online availability of information on land banks and use of GIS systems to track industrial land parcels.
World Bank ranks Gujarat first and Andhra Pradesh second in ease of doing business
The World Bank report on Ease of Doing Business has ranked Andhra Pradesh 2nd, below Gujarat. Andhra Pradesh is ranked in the category of ‘Aspiring Leaders’ which means the overall implementation status should be between 50 to 75 per cent.
Seven states – Gujarat, Andhra Pradesh, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha and Rajasthan are part of this group.
Only Andhra Pradesh, Chhattisgarh and Uttar Pradesh have scored Yes on all 4 of these questions, the
Other points
India is ranked 142nd among 189 nations in the World Bank's Ease of Doing Business 2015 study. The present government aims to improve the country's ranking to 50 in the next couple of years.
All India's states are yet to begin implementing electronic courts - district courts which allow for e-filing of disputes, issuance of e-summons, online payments, e-cause lists and digitally signed court orders. And, 26 states are yet to introduce reforms along a wide range of labour inspections under various acts or on inspections related to building permits. Twenty five states lack online availability of information on land banks and use of GIS systems to track industrial land parcels.
World Bank ranks Gujarat first and Andhra Pradesh second in ease of doing business
The World Bank report on Ease of Doing Business has ranked Andhra Pradesh 2nd, below Gujarat. Andhra Pradesh is ranked in the category of ‘Aspiring Leaders’ which means the overall implementation status should be between 50 to 75 per cent.
Seven states – Gujarat, Andhra Pradesh, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha and Rajasthan are part of this group.
Only Andhra Pradesh, Chhattisgarh and Uttar Pradesh have scored Yes on all 4 of these questions, the
Other points
- Andhra Pradesh, Jharkhand, Chhattisgarh and Madhya Pradesh feature in the top five in the report compiled by the Department of Industrial Policy and Promotion with technical assistance from the World Bank, consultancy firm KPMG, and CII and FICCI.
- The assessment, which is the first of its kind, has been conducted to take stock of reforms implemented by States in the period January 1 to June 30, 2015, based on the 98-point action plan for business reforms agreed between the DIPP and States last December
- The report would give potential investors an idea of the environment prevailing in different States and is also aimed at helping the states identify areas they need to improve in.
- The exercise is part of the Centre’s efforts to improve the country’s ranking in the World Bank’s ‘Ease of Doing Business’ report, where it was placed a poor 142 among 189 countries in 2015.
- These rankings were based on States’ performance in the identified areas only over six months, when the rankings would be based on a full year’s performance, they may change
Published date : 15 Sep 2015 04:00PM