Gujarat best state in India for conducting business: World Bank

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Anandiben_Patel1The World Bank said that Gujarat is the country’s best place for conducting business, in a report that ranks the states in an effort to encourage them to cut red tape.

The state, which has topped the list with a 71.14% score, is followed by Andhra Pradesh (70.12%), Jharkhand (63.09%), Chhattisgarh (62.45%) and Madhya Pradesh (62%). Also, Gujarat scored 100 per cent in terms of obtaining environment clearances.

The report was prepared with the support of KPMG on the request of the Modi government, and gains significance by coming before the World Bank’s annual Doing Business report, is likely likel be released next month.

Since taking charge as PM in May last year, Modi has set a target to improve India’s national ranking from a woeful 142 of 189 to the top 50 by 2017 .

Last year, India slipped two spots in the report, and was ranked lower than Brazil, Russia, China and South Africa—mainly due to delays in approvals for starting a business, tax payments, getting bank loans, among others.

The growth of business in India requires joint action on several fronts,” said Onno Ruhl, the World Bank’s India director. “The reality is India remains a difficult place to do business.”

The report suggested such steps as offering single-window clearances for administrative approvals, if followed by all states, may improve global ranking.

It said that states, including Gujarat, Andhra Pradesh, Jharkhand, Chhattisgarh and Madhya Pradesh, had implemented reforms which would go a long way in improving their ranking.

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