Gujarat, Karnataka among the best states in providing strong ecosystem for startups : DPIIT Ranking
- ByStartupStory | July 4, 2022
According to the ranking of states and Union territories by the department for the development of industry and internal trade (DPIIT), Gujarat, Meghalaya, and Karnataka have emerged as the top performers states in creating a startup environment for aspiring entrepreneurs. Top achievers included Telangana, Kerala, Maharashtra, and Odisha.
The state’s startup rating for 2021 was announced by Piyush Goyal, the minister of commerce and industry. The rankings are determined by the steps made to build the startup environment and support aspiring business owners.
Participants in the experiment, which included 24 states and 7 Union territories (UTs), were evaluated in five categories, including best performers, top performers, leaders, aspiring leaders, and developing startup ecosystems.
According to a study provided by Finance Minister Nirmala Sitharaman, the top seven States in the list of States and Union Territories based on the execution of the business reform action plan 2020 are Andhra Pradesh, Gujarat, Haryana, Punjab, Tamil Nadu, and Telangana.
The ranking has designated Himachal Pradesh, Madhya Pradesh, Maharashtra, Odisha, Uttarakhand, and Uttar Pradesh as Achievers. The exercise’s overarching goal is to increase investor confidence, promote a business-friendly environment, and improve the ease of doing business nationwide by introducing a healthy competitive element through a system of rating states based on how well they implement the Business Reforms Action Plan (BRAP).
Seven states are included in the Aspires group as well, including Goa, Kerala, and Assam. Chhattisgarh, Jharkhand, Kerala, Rajasthan, and West Bengal are other states in this group. There are 11 states and UTs in the category of growing business ecosystems, including Delhi, Puducherry, and Tripura.
Ms Sitharaman said, “Since 1991, the type of reforms has changed, and the ones that are now being implemented are responsive. There is no coercion now, in contrast to the changes of 1991, which were mandated for our execution. The goal is to determine what will lead to system improvement and ensure that we live better lives. Every level of the government now has a nudge component.”
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