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| JK fails to implement economic reforms: Courtesy conflict | | | Early Times Report
SRINAGAR, Sept 28: Despite several reports, the Jammu and Kashmir government has failed to implement the economic reforms of the state.
There have been several reports, which reveal that Jammu and Kashmir is one of the poorest performers of economic reforms in India. According to the report, 'Assessment of state implementation of business reforms in India' the World Bank Group ranked J&K at the 30th position of the 32 Indian states and Union territories while evaluating their performance of economic reforms. The World Bank Group conducted the assessment of Indian states business reforms after Prime Minister Narendra Modi had requested it to support India's efforts to enhance India's competitiveness and increase manufactured exports.
The World Bank Group ranked J&K at 30th based on the 98-point action plan (ease of doing business) for business reforms to all states and Union territories in India. The implementation status of each state has been converted to a percentage, and based on this the state rankings have been calculated.
Despite that no efforts are being made to increase its ranking.
"The main reason is conflict in the state. Although the situation is normal in Jammu and Ladakh despite that economic reform does not improve in the state due to Kashmir region," the official said.
A senior official of Industries and Commerce department said the investors didn't find J&K a suitable place to do business in view of security scenario of the state.
"But for the past few years, the state has witnessed some progress in establishing of new business units leading to progress in state's economy," the official said.
The reports have highlighted the innovations and achievements on individual reforms, so that states can easily identify counterparts who have achieved the reforms, and can reach out to learn directly from their peers.
The official said that several report reveal that the objective of their action plan was to lay out the first of a series of recommendations targeted at increasing transparency and improving the efficiency and effectiveness of various government regulatory functions and services for business in India.
One of the reports says that World Bank Group stands committed to support Indian states in their efforts to further improve the regulatory framework for business, and to help build bridges between states and the Centre to share knowledge, best practices and promote both competitive and cooperative federalism going forward. The report says that while efforts at improving India's ranking in the doing business report do cover some of the regulatory issues pertaining to state governments but emphasis much more is required to be done at state governments' level to achieve the Prime Minister's vision of making India an easy place to do business. |
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