Telangana has been ranked third position in the nation-wide Ease of Doing Business (EoDB) rankings for the year 2019, after Uttar Pradesh and Telangana.
The commerce and industry ministry released the State Business Reform Action Plan Ranking on Saturday.
Uttar Pradesh from North India, Andhra Pradesh from South India, West Bengal from East India, Madhya Pradesh from West India and Assam from North East India topped the ranking. Among Union Territories, Delhi bagged the top spot.
Finance Minister Nirmala Sitharaman, Minister of State for Commerce and Industry Piyush Goyal and Cabinet Minister Hardeep Singh Puri were present at the event.
“This ranking is based on implementation of business reform action plan,” Piyush Goyal said.
“Government of India has been making efforts to streamline business regulation through a single window system, labour law
reforms, reforms in Disputes Act etc. to make doing business quick and economical,” he said.
He praised the spirit of self reliance during the Covid-19 pandemic and said that it will help the nation emerge stronger.
“Covid-19 has impacted all countries but the nation will emerge stronger due to PM Modi’s call for a self reliant India. The nation will be able to play a more assertive role on the global stage,” he said.
“India’s steadfast commitment to reforms is evident from the steady climb from 142nd rank in 2014 to 63rd rank in 2019 in World Bank’s Ease of Doing Business Ranking,” he added.
“If a state has a high ranking, it does not mean it is superior to others in any way. Efforts put in by all states count,” the minister said.
The results were scheduled to be announced in March, but had to be delayed due to the coronavirus crisis.