Question: Which State/UTs topped the ACIs Ease of Doing Business Index?
(a) Maharashtra
(b) Delhi
(c) Andhra Pradesh
(d) Telangana
Answer (c)
Related facts:
- Andhra Pradesh emerged as the top state in 2018 Ease of Doing Business (EDB) Index compiled by Singapore based Asia Competitiveness Institute (ACI) for economies of 21 states of India. Maharashtra is at second spot while Delhi occupies third place.
- EDB index is based upon three parameters called ABC – Attractiveness to Investors, Business Friendliness and Competitiveness Policies.
- The state rose from 6th to the 1st position in the Business Friendliness, and from the 7th rank in 2016 to the 3rd rank in 2018 in Attractiveness to Investors.
- However the state dipped from 2nd to 4th rank in Competitiveness Policies. In total Andhra Pradesh rose from the 5th rank in 2016 to the top spot in 2018.
- The report mentioned that despite Andhra Pradesh’s excellent performance in ACI’s EDB Index, the government needs to bridge numerous institutional and infrastructural gaps in order to sustain its position in the future.
- Asia Competitiveness Institute in Singapore was established as a research centre in 2006 with an aim to build intellectual leadership and network for understanding and developing competitiveness in the Asia region.
Links:
https://www.business-standard.com/article/news-ani/andhra-tops-aci-s-ease-of-doing-business-index-119010400113_1.html