Niti Aayog to launch Investment Friendliness Index by July
Live MintNEW DELHI : The Indian government’s top public policy think-tank plans to launch an investment friendliness index by July to gauge how prepared states are to attract investments from businesses, according to two people familiar with the development. The Economic Times reported in February that the Investment Friendliness Index for states will rank states around two primary dimensions of opportunity and risk, with at least four sub-indicators to rank their performance. “The focus of reforms and economic policy must now be on systematic deregulation… Once some regulations are repealed or simplified, the remaining ones become progressively easier," the government’s chief economic adviser V. Anantha Nageswaran said following the release of the latest economic survey. Meanwhile, the central government has been encouraging states to implement reforms to attract investment and improve the ease of doing business, which includes leveraging the 50-year interest-free loan provided by the Centre, where access to a portion of the funds is tied to states undertaking specific reforms recommended by the government, the first person said.
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