Bihar lags in Startup Ranking 2021


Bihar and Ladakh continued to perform poorly, while Gujarat and Karnataka topped in an index that ranks states and Union Territories on their ecosystems for new startups, said the department for the promotion of industry and internal trade (DPIIT).

Kerala, Maharashtra, Odisha and Telangana were adjudged “top performers" because of initiatives taken to develop startup ecosystems for promoting entrepreneurs, while Jammu & Kashmir emerged as the “top performer" among Union territories and northeastern states.

The commerce and industry ministry said the states were evaluated across seven reform areas consisting of 26 action points, ranging from institutional support, fostering innovation, access to market and incubation to funding support.

Experts said states like Bihar need to introduce more reforms to boost their rankings. Bihar has consistently fared badly in the rankings for ease of doing business.

According to the Centre for Monitoring the Indian Economy, unemployment in Bihar in July stood at 14%, nearly double the national unemployment.

Bihar had also featured in the “emerging business ecosystems" in the lowest category. States were assessed on their performance in the implementation of the Business Reforms Action Plan (BRAP) initiated by the commerce ministry.


Related Post


Religion


Trending Posts


Religion