Arvind Virmani, Former Chief Economic Adviser says this report is critical to meeting ‘Make In India’ and reviving growth in India and maintaining it.
In a bid to improve India’s appalling 142 rank in the world when it comes to ease of doing business, the World Bank and the DIPP released state-wise rankings on Monday. Gujarat topped the list with 71.14 percent, followed by Andhra Pradesh at 70.12 percent and Jharkhand and Chhattisgarh bagging the third position.
The states were judged on implementation of a 98-point Action Plan that included parameters such as setting up of business, allotment of land, taxation, etc.
According to the report, only the states with implementation status of 75 percent and above would attain ‘Leaders’ status where none of the Indian states qualified.
While there were only seven states with implementation status between 50-75 percent that attained ‘Aspiring Leaders’ status, there were nine with implementation status of 25-50 percent that attained ‘Acceleration Required’.
However, an apalling 16 states with 0-25 percent came under the implementation status list. These were in the ‘Jump Start Needed’ status.
Speaking to CNBC-TV18, Arvind Virmani, Former Chief Economic Adviser, says this report is critical to meeting ‘Make In India’ initiative and reviving growth in India and maintaining it.
More to follow..