A recent assessment of the implementation of business reforms by the states — conducted by the Centre's Department of Industrial Policy and Promotion (DIPP) — rated Maharashtra at No. 8, below states like Jharkhand, Chhattisgarh, Rajasthan and Madhya Pradesh, largely due to poor reforms in the labour sector. The World Bank and KPMG were associated with the survey. This new initiative by the Maharashtra government is aimed at overcoming these hurdles and attracting greater investment through a better regulatory environment. India ranks 142 out of 189 economies in the World Bank's Doing Business 2015 report — the second worst-performing economy in South Asia.
To reduce cumbersome procedures and overcome the Achilles heel in the state's ease of doing business, the state government is planning to cut down on inspector raj by improving labour laws. The labour reforms — which is the fulcrum for the Devendra Fadnavis' government's Make in Maharashtra initiative to boost investment and employment creation in the state — will also see online compliances being introduced.
A recent assessment of the implementation of business reforms by the states — conducted by the Centre's Department of Industrial Policy and Promotion (DIPP) — rated Maharashtra at No. 8, below states like Jharkhand, Chhattisgarh, Rajasthan and Madhya Pradesh, largely due to poor reforms in the labour sector. The World Bank and KPMG were associated with the survey. This new initiative by the Maharashtra government is aimed at overcoming these hurdles and attracting greater investment through a better regulatory environment. India ranks 142 out of 189 economies in the World Bank's Doing Business 2015 report — the second worst-performing economy in South Asia.
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