The bifurcated states of Andhra Pradesh and Telangana are the new joint top-ranked states this year in ease of doing business, says a report prepared by the Centre in collaboration with the World Bank and released on Monday.
The Assessment of State Implementation of Business Reforms, 2016, based on the ranking by Department of Industrial Policy and Promotion, tracks the level of implementation of norms by state governments making it easier to do business in.
"This is the second year of the report and the states have really been competing in implementing reforms," Commerce Minister Nirmala Sitharaman said while releasing the report.
"Telangana was at 13 last year, Haryana (at 6 this year) was ranked 14 and Uttarakhand was at 23 (at 9 this year)," she said to illustrate the competition among states.
Reports add that Telangana and Andhra ended the closely-contested contest with a score of 98.78 per cent on the 340 parameters that states were ranked on.
Gujarat came in third, while Chattisgarh retained its fourth position. Madhya Pradesh came in fifth.
Haryana, Jharkhand, Rajasthan, Uttarakhand and Maharashtra are the other states among the top 10 this year.
â€śThe results of the assessment demonstrate that states have increasingly risen to addressing the challenge of making it easier to do business. The national implementation average stands at 48.93%, significantly higher than last yearâ€™s national average of 32%,â€ť Mint quotes a DIPP statement said.
â€śThere is a healthy competition among States on ease of doing business index...these indices are important aspects in the government's agenda to transform India,â€ť Minister of State (Independent Charge) for Commerce & Industry Nirmala Sitharaman was quoted as saying.
The government is also reportedly planning to launch a new index on agricultural marketing and farm-friendly reforms.
Reports also add that overall, India jumped up one spot to be 130 on the World Bankâ€™s latest report on Ease of Doing Business.