Ease of doing business: Land record reforms ahoy!
A new study by Nirupama Soundararajan and Shagun Khurana of Pahle India Foundation (PIF) looks at how business reforms can help Andhra Pradesh get ahead, estimating both costs and benefits of the policies.
Andhra Pradesh scored 99.73% on the Department of Industrial Policy and Promotion’s ease-of-doing-business ranking, yet the researchers argue that is improvement can be achieved by further easing the process of land acquisition through land record digitisation. This would boost economic growth and provide benefits 51-times the costs.
While India climbed a phenomenal 30 spots to the 100th position out of 190 surveyed countries in the World Bank’s ‘Ease of Doing Business’ index this year, investors have ample choice among Indian states. Investor perception is key, and each state wants to make sure that it is competitive. New research findings identify specific policies that would help gain an advantage.
Researchers Nirupama Soundararajan and Shagun Khurana from Pahle India Foundation have looked at how business reforms can help states get ahead, estimating both costs and benefits of these policies. Their research shows that the pathway to improving regulatory conditions will vary from state to state. But even states with a high ranking on the ‘ease of doing business’ can benefit to the tune of tens of thousands of crores of rupees, by removing regulatory hurdles."
Read more about the research in The Economic Times.
Read the article in Telugu from Andhra Jyothy.