New Delhi: Andhra Pradesh and Telangana have jointly dislodged Gujarat to emerge as the best states to do business in the country, according to a report by the World Bank and DIPP.
"States are really competing with each other. Healthy competition is happening among all the states. Everybody is monitoring everybody's performance," Commerce and Industry Minister Nirmala Sitharaman said while releasing the report.
She, however, said that more efforts are needed to encourage states like Jammu and Kashmir (at 31st) and other north-eastern regions to improve their business climate.
Nagaland, Manipur, Mizoram and Sikkim stand at 26th, 28th, 29th and 30th position.
The business reform action plan for states and UTs includes reforms on 58 regulatory processes, policies, practices, or procedures spread across 10 reform areas spanning the lifecycle of a typical business.
These are mainly single window clearance, tax reforms, labour and environment reforms, dispute resolution and construction permit.
In 2015 Index, Gujarat featured at the top, with Andhra Pradesh grabbing the second position and Telangana 13th.
These rankings were provided in the report titled 'Assessment of State Implementation of Business Reforms 2016' which was prepared by World Bank in association with the Department of Industrial Policy and Promotion (DIPP).
The exercise is aimed at promoting competition among states with a view to improve business climate to attract domestic as well as foreign investments.
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