Ease of doing business: Land record reforms ahoy!
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.
Time for Indian states to pick best opportunities to compete globally
India is transforming, thanks to its strong performance selling products and services around the globe. But what interventions, at a State level, can do the most to ensure Indian exports are globally competitive?
Building India’s talent base
When India found itself at the 103rd position in the recent World Economic Forum ranking of 130 nations on the preparedness of talent, it was just another indication of the skills challenge.
Giving is a Very Serious Business
India is a pioneer in enshrining, through Section 135 in the Companies Act, 2013, corporate-giving into law. The requirement that businesses spend 2% of their profits on corporate social responsibility (CSR) has ensured that more than Rs 28,000 crore has gone into donating in the last three years.
Andhra Jyothy has published an op-ed by Bjorn Lomborg discussing the results from our research on skills.
Economy, Business and Industry
Mansi Arora, Rajesh Chakrabarti, and Kushal Sagar Prakash from Sunay Policy Advisory have undertaken an analysis of three key ways to up-skill more people: vocational training; apprenticeships; and loans to micro, small and medium enterprises (MSMEs).
The research by Dr Amitendu Palit from the Institute of South Asian Studies, National University of Singapore, analyses three policies to improve the competitiveness of Rajasthan export trade: certification facilities for organic product exports; development of inland container depot and terminal; and establishing a Free Trade Warehousing Zone (FTWZ).
Ease of Doing Business
A new study by Nirupama Soundararajan and Shagun Khurana of Pahle India Foundation (PIF) looks at how business reforms can help Rajasthan get ahead, estimating both costs and benefits of the policies.
Rajasthan is currently ranked sixth by the DIPP on the ‘ease of doing business’. The authors’ research finds that businesses in Rajasthan continue to witness various administrative and regulatory bottlenecks on a regular basis, particularly in obtaining land for commercial use. Land record digitisation would help solve these problems, generating economic benefits for Rajasthan worth 26-times the costs.
Sector Expert Consultation
Rajasthan is one of the leading State for providing a conducive business environment with real GSDP growth hovering around ~6-7% per year for the past few years. The state placed a commendable 7th in the recent ease of doing business rankings across all Indian states, with particular strength in starting a business (3rd overall), registering property (3rd overall) and paying taxes (2nd overall). The State government has undertaken several reforms to improve the business environment and of 340 reforms parameters suggested by the Department of Industrial Policy Promotion along with the World Bank Group, Rajasthan was able to implement 96.43% of them. The government has started undertaking labor market reform to encourage job growth and has targets to boost the number of skilled workers in the state. Policies providing assistance to MSMEs are also in train.
Ranking Solutions in Terms of Social Value for Money
Learn how the interventions to improve Rajasthan's economy, business, and industry compare to policy options across other social sectors in terms of social, economic and environmental benefits per rupee spent.