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Improve the Business Environment in India report released

May 7, 2014 13:13 IST

Improving the Business Environment in India report was released on 6 May 2014. The report on Best Practices to Improve Business Environment across States/Union Territories in India was prepared by consultancy firm Accenture on behalf of the Department of Industrial Policy and Promotion.

The report highlighted few facts and best practices adopted by some states like
Gujarat - model of land acquisition was termed as the best in the country
Karnataka – integrated and comprehensive system for VAT in
Maharashtra – Labour Management solution and setting up Maharashtra Industry, Trade and Investment Facilitation Cell
Rajasthan and Punjab – single window clearance system

Background of the Study
The study Best Practices to ‘Improve the Business Environment’ across states/UTs in India was started following the reports of World Bank and World Economic Forum. The reports of the two organisations ranked India poorly in terms of Business Environment. Their report highlighted some the Problems and restrictions plague to the business throughout its lifecycle, making it difficult, expensive and cumbersome to start, grow or exit from a business.
    
In its suggestion the reports of the two organisations said that there is a clear need to make it easier to do business in India. In its suggestion it said that the improvement in the business environment would spur growth and generate employment to millions across the country.

Following the reports, the Department of Industrial Policy and Promotion has engaged M/s Accenture to conduct a study on ‘Improving the Business Environment’ in India.

Process of the study

An exhaustive study of the reports and interactions with various stakeholders and helped identify the various parameters for measuring the state of doing business in India, the methodology to measure and collect information and the best practices being followed by states/UTs. The following reports formed the foundation for Accenture’s study of the Business Environment in India, World Bank's Doing Business report, World Economic Forum's Global Competitiveness report, Bain-FICCI's Empowering India report, CII-KPMG's Ease of Doing Business in India and Planning Commission.

 

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