Andhra Pradesh tops ease of doing business rankings

Andhra Pradesh tops ease of doing business rankings
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Photo: ANI

Hyderabad (Andhra Pradesh): Andhra Pradesh has topped ease of doing business rankings for the financial year 2016-2017, according to the Department for Industrial Policy and Promotion (DIPP) rankings which falls under the commerce and industry ministry.

The third edition of the annual rankings announced on Tuesday showed Andhra Pradesh to be the best state to do business followed by Telangana and Haryana.

Jharkhand, Gujarat, Chhattisgarh, Madhya Pradesh (MP), Karnataka, Rajasthan and West Bengal (WB) were in the Top 10 in the rankings.

Meghalaya was ranked last at 36th position and appeared as the worst performing state.

Andhra Pradesh Information and Technology minister Lokesh Nara took to social networking site to express his happiness over the ranking and said, “WE’VE DONE IT AGAIN! Andhra Pradesh is No. 1 in Ease of Doing Business. Reason why some of the best companies in the world are looking here to invest!! Kudos to @NCBN (CM N Chandra Babu Naidu).”

The ranks are published with the intention of inculcating positive competition among states to better themselves for business and to attract investments.

India’s rank improved by a number of notches to 100 among 190 nations in the latest Doing Business report of the World Bank. The government is striving to be among the top 50 countries in the overall ease of doing business rankings. (ANI)