Survey On Business Regulatory Environment For Manufacturing: State-level Assessment

A transparent and business-friendly regulatory environment is crucial for driving investments, job creation, and growth. The 12th Five Year Plan of India acknowledges the importance of the manufacturing sector in the overall economic development of the nation. It specifically identifies its regulatory framework as one of the key areas needing improvement. This study is a first-of-its-kind survey that covers 28 states of the Union of India, with interstate comparisons of business regulatory environments. The study provides: • an in-depth assessment of the relative maturity of business regulations and policies of the states;• examples of innovative and best practices adopted by various states; and• details of high-level strategies and interventions that may be adopted by the states to improve their business regulatory environment. This benchmark study will be invaluable for prospective investors in deciding the location of their business investments in the country. With this survey, a framework of evaluating the regulatory environment of states has been developed, which is expected to facilitate the states in assessing their own progress and identifying strategic initiatives for improvement.