India Economic Freedom Index of 2017

The Public Affairs Centre is a non-profit NGO think tank of India. For the second year, they have now released their ranking of States of India in the Public Affairs Index on Governance. One of eleven themes they compared is economic freedom, which deals with the efforts made by each state to enhance economic growth. They took the number of filed industrial entrepreneurs memoranda, the World Bank ease of doing business index, and the value of MSMEs assets into account. As a result, the following eight states ranked on top:

  1. Gujarat
  2. Telangana
  3. Maharashtra
  4. Andhra Pradesh
  5. Rajasthan
  6. Madhya Pradesh
  7. Uttar Pradesh
  8. Tamil Nadu

Info and image source: Public Affairs Centre, Bangalore.

Six of these eight states are also members of the GDP based G8x8. Only Karnataka and Kerala, ranking 4th and 8th in GDP, are listed much lower in the Economic Freedom Index: 10th and 16th.

Andhra Pradesh Economic Development

The Economic Development Board (EDB) has to accelerate the inclusive economic growth of Andhra Pradesh. The board acts as a catalyst to facilitate economic growth, investment climate, reforms, and competitiveness in Andhra Pradesh.

The functions of the Economic Development Board include:

  • Strategic investment planning and promotion
  • Nodal point of contact for investments
  • Mobilisation of resources required for supplementing public and private investment
  • Facilitating inter-departmental coordination
  • Economic and policy research

For more information, check out http://apedb.gov.in/

Andhra Pradesh ranks 7th among India’s states, and is located at slot 7×7 of our G8x8.