NITI Ayog (National Institution for Transforming India) to roll out baseline data for social indices in about a month time, said Mr. Amitabh Kant, CEO, NITI Aayog.
NEW DELHI: We have done this ease of doing business but the real challenge for India is to improve the socially indices and we have worked very hard on this. The key challenges are that the real time data is not available. So, we built base level data, the data being fixed by us for education, health and probably on month’s time we will roll this out, Mr. Kant while addressing an ASSOCHAM conference on ‘2nd Global Investors India Forum (GIIF).
We have added lots of rules and regulations, procedures and acts and these have made things very difficult, many of them may have been done for good for you but India has made itself fully complex. This government has desired that India must become easy, simple, growth to take place and enabled wealth to take place. Therefore, we did lot of dismantling of rules and regulations. We have actually just dismantled close 1058 acts. But over the last two years we worked very closely among different departments to simplify processes, Kant said.
“Political vigour and energy should be there in states for changes to happen. We have also initiated competition among states in ‘Ease of Doing’ states. Many states have moved forward vigorously”, said Mr. Amitabh Kant.
On the Ease of Doing business amongst the Indian state, I have seen a tremendous amount of competition among states. I have seen change rarely taking place and that evaluation is not being done by us that evaluation by World Bank. As per the World Bank evaluation, India jumped up 12th position but the competition among the Indian states and vast radical change is taking place and states are moving forward vigorously”, said Mr. Kant.
“We need to improve for our sake not for the World Bank”, said Mr. Kant at the second day of ASSOCHAM ‘2nd Global Investors India Forum (GIIF).
He further mentioned that the India is growing at 7.5% per annum but the challenge for India to grow at 9-10% per annum year after year for the next three decades. I think India needs to improve for itself that’s the only way to India to grow at 9-10% per annum.
He further mentioned that India must become easiest and simplest state to do business. Over period of time, India must aim to become a very easy, simple to ways to do businesses.
“If India has to grow at 9-10% then every institution…also the judicial system has to keep pace with change”, said Kant.
He further said that the Judicial settlement takes about four and half years. The Commercial courts may improve things. Judiciary pandered to wishes of lawyers, said Mr. Kant.