Pacific Money

Are India’s States Becoming More Business-Friendly?

Recent Features

Pacific Money

Are India’s States Becoming More Business-Friendly?

Some key takeaways from this year’s state ease of doing business rankings.

Are India’s States Becoming More Business-Friendly?
Credit: Pixabay

The Modi government in India has sought to enhance competition between states in order to draw foreign direct investment (FDI). States have responded by sending high-level delegations to a number of countries, with a focus on drawing investment from Japan, China, and Southeast Asian countries (especially Malaysia and Singapore), especially in the sphere of infrastructure. States have also started to hold investors’ summits, with the most recent one being held by Madhya Pradesh. During such summits, states and partner countries identify focus areas for investment.

Apart from drawing FDI, by encouraging competition between different states, India’s prime minister is also keen on improving India’s “Ease of Doing Business” ranking, bringing it into the top 50. India is ranked 130th in the latest Ease of Doing Business report, released by the World Bank on October 25. India has expressed disappointment at this rank, saying that the reforms that are being undertaken by states are being overlooked.

[...]
Dreaming of a career in the Asia-Pacific?
Try The Diplomat's jobs board.
Find your Asia-Pacific job