Top Most Business Friendly States of India
BANGALORE: A study by Deloitte-commissioned by the planning commission-gives insight into the business friendliness of Indian states and throws up some interesting results. The state that tops the list is Haryana, followed by Madhya Pradesh and Gujarat and the bottom most performers’ include-Assam, Goa, Jharkhand and West Bengal. Maharashtra, which is generally considered a business friendly state, features among poorest performers. The north eastern state Nagaland secures a place among the top 10 business friendly states. Tamil Nadu is way ahead of Karnataka in the list, reports Financial Express.
Deloitte ranked the states based on ‘Business Regulatory Impact Analysis’ and taking into account their business regulatory environment, taxation, speed of environmental clearance, land and building approval and availability of skilled man power among other things. Now, let’s take a look at the business climate of the most business friendly states of India.
Haryana: Haryana is the state with second highest per capita income in the country.
It’s is also one of the largest recipient of per capita investment in India. According to Haryana government sources, the state produces, “two third of passenger cars, fifty percent of tractors, sixty percent of motor cycles and fifty percent of refrigerators manufactured in the country” and “About twenty-five per cent of India’s Total production of Sanitary-ware is from Haryana. One out of every four bicycles in the Country is manufactured here.” Haryana’s geographic location also gives it an advantageous position. The state surrounds Delhi from three sides and a large region of Haryana is included in the national capital region. Faridabad and Gurgaon are becoming the preferred locations for the IT and ITES industries. Some of the industries like Maruti Udyog Limited, Hero Honda, Modi Alcatel, Perfitti India, DCM, Benetton, TDT Copper, Asahi India Safety Glass, Escorts, Sony India, VXL India, whirlpool Industries and Wipro have projects here. Thus Haryana is the top most business friendly state of India.