In India, it is much easier to do business in smaller and younger states such as Jharkhand and Chhattisgarh, according to a state-wise ranking list compiled by The World Bank released on Monday.
Jharkhand, which was carved out as a new state in the early part of the millennium, ranked third with 63.09% followed by Chhattisgarh, which was also formed during the same time, with 62.45%. These two states came just after Gujarat and Andhra Pradesh, which ranked first and second, with 71.14%, and 70.12%, respectively.
Maharashtra, India’s biggest industrialized state, and home to many engineering and automobile firms, fell far behind at eighth rank, and scored 49.43%. It was preceded by Madhya Pradesh, Rajasthan and Odisha, according to the report.