Tag: ease of doing business in India

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India breaks into top 100 again in Modi era! After Ease of Doing Business, it is UN’s E-Government index

After breaking into top 100 on the World Bank’s Ease of Doing Business Index under the Narendra Modi era last October, India has marked a similar success on United Nation’s E-Government Index.

After breaking into top 100 on the World Bank’s Ease of Doing Business Index under the Narendra Modi era last October, India has marked a similar success on United Nation’s E-Government Index, jumping 22 ranks in last four years and 11 ranks in last two years. India, which was ranked 118 in 2014, is now at 96th rank on the index, which maps how digital technologies and innovations are impacting the public sector and changing people’s everyday lives.

The survey, released by the United Nations every two years, noted that India has scored 100% in the first stage of the E-Participation sub-index, followed by 95.65% in the second stage and 90.91% in the third stage. The overall score of 0.9551 on the E-Participation sub-index has put India among top 15 countries in the list of 193 counties surveyed. In this category, India has emerged as sub-region leader. Denmark is the world leader, both on E-Government index and E-Participation sub-index.

While India scores well on Online Services sub-index as well with a score of 0.9514, it ranks poorly on Telecommunication Infrastructure Index with a mere score of 0.20091. On Human Capital Index as well, India is far below the world average of 0.6627. India’s score on this index is just 0.5484, barely touching the regional index.

Nevertheless, an improvement of 22 ranks is indeed a big shot in the arm of Prime Minister Narendra Modi who has been extremely vocal about digitizing India. In October 2017, India’s leapfrog jump on the World Bank’s Ease of Doing Business also helped the country to gain significance on world platforms, as a result of which rating agency Moody’s upgraded sovereign rating Baa2 from Baa3 after a gap of 14 years.

 

Source: Article taken from financialexpress.com

 

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Ease of Doing Business in India State Rankings: Andhra, Telangana, Haryana ranked as Top Three States

The rankings, jointly prepared by the World Bank and DIPP, serve as a check-list of sorts for evaluating states on a 340-point Business Reform Action Plan, between the period of July, 2016 and July, 2018.

 

Andhra Pradesh has topped the government’s ease of doing business index for states, ahead of the industrialized states such as Gujarat, Maharashtra and Tamil Nadu.

The topping southern state was followed by Telangana and Haryana which grabbed the second and third spots respectively, according to the third edition of Department of Industrial Policy and Promotion’s (DIPP’s) Business Reforms Action Plan, 2017.

The final rankings were arrived at after a combination of “reform evidence score” and “feedback score”.

The highlights were the states of Jharkhand and Telangana who scored a 100.00% score in their reform evidence scores.

Jharkhand, which is home to several steel plants as well as coal and iron ore mines, clocked 100 percent in the “reform evidence scorecard,”

The “reform evidence score” is allotted on the basis of 372 recommendations for reforms on regulatory processes, policies, practices and procedures spread across 12 reform areas.

In this year’s edition of rankings, DIPP carried out a comprehensive business-to-government (B2G) feedback exercise, where feedback was taken from businesses on the quality of implementation of the reforms claimed by the states.

Business in India

The idea behind ranking states is to induce competition to attract investment and improve the business climate. In addition, these rankings indicate that the states have the potential to attract business and undertake various reforms that are being undertaken by the Centre.

In 2016, Telangana and Andhra Pradesh jointly emerged as number one states to do business in India, ahead of Gujarat – Prime Minister Narendra Modi’s home state – that was number one in 2015.

The report has thrown up surprising results with Maharashtra, often touted as India’s most industrialized state – led by the bustling financial capital of Mumbai – ranked 13th with a reform evidence score of 97.29 percent and a “feedback score” of 50.29%. Similarly, despite being an industrial hub, the southernmost state Tamil Nadu clocked 15th rank, with a “reform evidence score” of 95.93 percent and a feedback score of 43.90%. Both the states were listed as achievers in the ranking.

The national capital Delhi’s score deteriorated to 33.99 percent, from 47 percent in 2016 and it stood at the 23rd spot in this year’s rankings. (See Full Rankings)

North-eastern states except Assam continue to remain at the bottom of the heap, underlining the urgency of immediate policy interventions to turn these states into business-friendly destinations.

The rankings, jointly prepared by the World Bank and DIPP, serve as a check-list of sorts for evaluating states on a 340-point Business Reform Action Plan, between the period of July, 2016 and July, 2018.

The latest listing of the states comes days before the World Bank’s annual Ease of Doing Business report, 2017. Last year, India leapfrogged to the 100th rank in the Doing Business rankings for 2016, jumping 30 notches from a year ago, in an endorsement of the string of reforms implemented by the Narendra Modi government.

Source: The article is taken from moneycontrol.com