Andhra Pradesh stands at the top in ‘Ease of doing business’ third time in a row

Must Read

Harsirat Kaur
Hey There! Thank you for reading my article. Your reviews and comments are most welcome.

Andhra Pradesh came at the top in the ‘ease of doing business‘ list released by the State Business Reform Action Plan 2020. The Sate BRAP released the statement on Saturday, September 5, 2020, and it again shows Andhra Pradesh at the top in the country. Andhra Pradesh is one mighty state which gives the business strategies of people a venue. Furthermore, the economy of the state is viable and flourishing and it is the only state which showed an immense upward trend after the pandemic.

Finance Minister of India, Nirmala Sitharaman announced the rankings in Delhi via video conferencing in the presence of prominent industries’ ministers of all states, including Commerce Minister, Piyush Goyal. The ranking of the states and UTs is based on the implementation of the Business Reform Action Plan, 2019. The Business Reform Action Plan 2018-2019 includes 181 points covering 45 regulatory areas. Andhra Pradesh is succeeded by Uttar Pradesh and Telangana.

The reaction by Andhra Pradesh

The list was supposed to come on March 31, 2020. However, due to the ongoing pandemic, the Union had to halt the announcement. Industries and Commerce Minister Mekapati Gautham Reddy expressed his happiness on the news. He told the New Indian Express, “We want to hand-hold and de-risk investors, particularly in the time of COVID-19. We have rolled out a new industrial policy accordingly.”

Andhra pradesh CM Y S Jagan Mohan Reddy
Andhra Pradesh CM Y S Jagan Mohan Reddy–Source: The Logical Indian

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy also highlighted the state’s efforts. He mentioned that the state deliberately reduced the cost of starting a business that led to the actual ease of doing business. The state enabled quick single-desk approvals with 99.9 percent compliance, which saved the time and effort of the entrepreneurs. Andhra Pradesh was the first state to unveil a ReSTART Package amidst the pandemic to bail out MSMEs.

Meanwhile on the flip side, the former Andhra Pradesh CM said, “This is the result of the hard work and dedication of AP’s previous, citizen-centric government.”

Keeping aside the political talk, we are happy for the people of AP and other states’ citizens who aspire to set up their business in Andhra Pradesh now.

Future prospects and implications

Piyush Goyal revealed his plans for establishing a single-window system for approvals and clearances. The aim is to promote competition among the states and UTs to enhance their business environment. In additon, it will also serve as a wake-up call for the states which are lagging behind. In 2015, Gujarat topped the index whereas, Telangana stood at 13th position. Whereas, now, Gujarat is at 10th place and Telangana at the third. Coming at the world news, India jumped 15 places and landed at the 63rd position in the World Bank’s ‘Doing business’ Report.

Complete list by BRAP 2020 in which Andhra Pradesh is at the top
Complete list of BRAP 2020–Source: Rediff

Latest News

Hocus Pocus 2: Release Date, Cast, And Everything You Need To Know

Hocus Pocus is a famous American Comedy horror film. It was first released back in 1993. After a decade,...