Economy, Business and Industry
The research by Dr Amitendu Palit from the Institute of South Asian Studies, National University of Singapore, analyses three policies to improve the competitiveness of Rajasthan export trade: certification facilities for organic product exports; development of inland container depot and terminal; and establishing a Free Trade Warehousing Zone (FTWZ).
Ease of Doing Business
A new study by Nirupama Soundararajan and Shagun Khurana of Pahle India Foundation (PIF) looks at how business reforms can help Rajasthan get ahead, estimating both costs and benefits of the policies.
Rajasthan is currently ranked sixth by the DIPP on the ‘ease of doing business’. The authors’ research finds that businesses in Rajasthan continue to witness various administrative and regulatory bottlenecks on a regular basis, particularly in obtaining land for commercial use. Land record digitisation would help solve these problems, generating economic benefits for Rajasthan worth 26-times the costs.
Sector Expert Consultation
Rajasthan is one of the leading State for providing a conducive business environment with real GSDP growth hovering around ~6-7% per year for the past few years. The state placed a commendable 7th in the recent ease of doing business rankings across all Indian states, with particular strength in starting a business (3rd overall), registering property (3rd overall) and paying taxes (2nd overall). The State government has undertaken several reforms to improve the business environment and of 340 reforms parameters suggested by the Department of Industrial Policy Promotion along with the World Bank Group, Rajasthan was able to implement 96.43% of them. The government has started undertaking labor market reform to encourage job growth and has targets to boost the number of skilled workers in the state. Policies providing assistance to MSMEs are also in train.