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Uttar Pradesh’s Gross State Domestic Product (GSDP) is expected reach 12 per cent from 10 per cent at present, on good monsoon in the financial year 2016-17, according to Assocham.
The industry body also said that if UP implements even 70 per cent of the reforms suggested by the World Bank, the state would move up to the 6th spot on the “Ease of Doing” index.
UP is marching ahead with a GSDP of 10 per cent in the 12th Plan, but due to good monsoon, it will reach the level of 12 per cent in the financial year 2016-17, Assocham Secretary General DS Rawat told reporters here.
World Bank prescription
He said the World Bank has suggested reforms for “Ease of doing business” in India, of which UP has implemented 47.3 per cent, if it could implement even 70 per cent, its ranking would improve from 10th to the 6th position.
Assocham further suggested the state government to improve the level and extent of digitisation of processes to ensure smooth operations in shorter time-frames and reduce scope for corruption. “The UP government should conduct a detailed study using primary research methodologies to quantify total results of government initiatives in improving ease of doing business in the state,” suggested an Assocham-Thought Arbitrage Research Institute (TARI) study titled ‘Ease of doing business in UP’.
The study, released by Rawat and Kshama Kaushik, Director, TARI, also said that “the administration should constantly monitor systems and processes of state machinery, revamp or discard outdated processes and set up new ones in keeping with modern business ethos.”
Impact on jobs
Rawat said, “UP being India’s most populous state, improving ease of doing business will have a positive impact on employment even beyond its borders.”
He said that regulatory reforms and initiatives taken by UP government like setting up a single window system of Nivesh Mitra, online industrial grievance redress mechanism, issuance of VAT registration certificate in a single day and e-stamping facility.
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